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Masdar, Amea Power to expand Egypt footprint: Renewables giant Masdar and Al Nowais subsidiary Amea power secured approval from the Egyptian government to develop several renewable energy projects in Egypt, according to a statement from the Egyptian cabinet. The statement did not disclose the projects’ financial details or expected timelines.
#1- Masdar, Hassan Allam Utilities, and Infinity Power, received approval from the government to develop a 1.2 GW solar power project, complete with a 240 MWh battery storage facility. Additionally, the government greenlit the consortium’s proposal to conduct feasibility studies to develop a 4 GW solar plant in the country.
REMEMBER- Masdar has a lot in the pipeline for Egypt, earlier this week agreeing to build a 200 MW wind farm in Ras Ghareb after inking a trilateral purchase power agreement with Egyptian renewables firm Infinity Power and the Egyptian Electricity Transmission Company (EETC). Masdar, Infinity Power, and Hassan Allam Utilities 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- Egypt also approved Amea Power’s proposed renewable energy projects, including solar and wind facilities. The projects are set to include integrated and standalone battery storage systems. The projects’ proposed capacity was not disclosed.
Background: Amea Power previously received approval 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.
