AMEA Power has completed a 500-megawatt wind power project in Ras Ghareb, located in Egypt’s Red Sea Governorate. This plant is now operational. It joins AMEA Power’s previously launched 500-megawatt solar project in Aswan, commissioned in November 2024.
Both projects together bring AMEA Power’s total commissioned capacity in Egypt to 1 gigawatt. The Ras Ghareb wind plant was built through a joint venture between AMEA Power, which holds 60%, and Sumitomo Corporation, which holds 40%.
The wind facility is projected to produce about 2,500 gigawatt-hours of electricity per year. This output can supply electricity to over 500,000 homes and is expected to reduce carbon dioxide emissions by 1.4 million tons annually.
The project was finished earlier than planned. It was financed through a group of international banks and agencies, including the Japan Bank for International Cooperation, the International Finance Corporation, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, and Standard Chartered Bank. Insurance backing for part of the financing was provided by Nippon Export and Investment Insurance (NEXI), with additional working capital supported by the Commercial International Bank of Egypt.
Other projects currently under AMEA Power’s portfolio in Egypt include a 1,000-megawatt solar PV plant with a 600 megawatt-hour battery energy storage system (BESS) in Aswan. An additional 500-megawatt wind project is also planned in the Red Sea Governorate.
The company is also planning to extend its 500-megawatt Aswan solar project with an added 300 megawatt-hour BESS. Two other standalone BESS projects are listed under development: one at 500 megawatt-hours in Zarfana and another at 1,000 megawatt-hours in Benban.
These projects reflect Egypt’s growing portfolio focused on renewable generation and storage, with a combined emphasis on solar, wind, and energy storage systems.
