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More renewable projects for Egypt in the works: The Egyptian Cabinet approved procedures to develop a solar project by a consortium comprising of our friends at Infinity Power, UAE’s Masdar and Hassan Allam Utilities, and another project UAE’s Al Nowais subsidiary Amea power, according to a statement released on Thursday. No timeline or planned investments for the projects were provided.
#1- Masdar, Hassan Allam Utilities, and Infinity Power, received approval from the government to develop a 1.2 GW solar power project with a 240 MWh battery storage facility. It also approved a proposal by the consortium to conduct studies for a 4 GW solar power plant in the country.
REMEMBER- The three companies have a busy pipeline in Egypt: Masdar, Infinity Power and EETC signed a trilateral purchase power agreement last week to build a 200 MW wind farm in Ras Ghareb. They are also building a USD 10 bn, 10 GW wind farm project in Sohag that is set to be one of the largest wind farms globally and the largest in Africa. The trio, along with global energy giant BP, will also set up a USD 15 bn green hydrogen project in the SCZone.
#2- Amea Power also had implementation procedures for proposed solar and wind projects approved by the cabinet, according to the statement. The Cabinet also gave the greenlight for proposed integrated and standalone battery storage systems on the projects. The proposed projects’ capacities were not disclosed.
Amea has a lot planned for Egypt: The Emirati firm received approval last month from the Egyptian cabinet to expand its renewable energy projects in Egypt by 2 GW by next summer. The company is seeking to up its investments in Egypt and set up 2.5 GW-worth of solar and wind projects.
Amea Power ❤️ Egypt: Amea is currently working on 1 GW-worth of renewable projects in Egypt — a 500 MW solar Abydos plant which is set to begin operations by the end of September, as well as a 500 MW wind farm in Ras Ghareb that is lined up for completion mid-2025.
This all part of a bigger plan: Egypt and UAE are working on adding 4 GW worth of renewable projects onto Egypt’s national grid by next summer, Egyptian Prime Minister Moustafa Madbouly said last month.
