The Egyptian Cabinet has approved projects proposed by Dubai-based AMEA Power LLC to install 1 GW of solar and 500 MW of wind capacity in the country.
According to a Cabinet statement, AMEA Power will ploy 1 GW of solar panels in Aswan Governorate of Egypt. While, the 500-MW wind project will be located in Ras Ghareb, Red Sea Governorate.
AMEA Power is currently building 1 gigawatts of solar and wind plants in Egypt through the company’s subsidiaries Abydos Solar and Amunet Wind Power. Once commissioned, the Amunet Wind Park Project will be the largest of its kind in Africa. The project is planned to enter commercial operation in the second quarter of 2025. The turbines for the wind park will be delivered by Shanghai-based green technology company Envision Energy.
In addition to large-scale wind and solar projects, AMEA Power is planning also the development of a 1-GW green hydrogen project in Suez Governorate for the production and export of green ammonia.
In December, the International Finance Corporation (IFC) and other international partners announced a $1.1 billion financing package to support AMEA Power for projects in Egypt.
Egypt targets becoming a regional hub for renewable energy and seeks to contribute to the global efforts to combat climate change.
In June, the Egyptian government updated Nationally Determined Contributions (NDC), which includes setting more ambitious goals for reducing greenhouse gas emissions (GHG) and securing the finances needed to achieve them. The country’s NDC plan aims at reducing GHG emissions from electricity generation, transmission, and distribution by 37 percent by 2030.