Marketing-Börse PLUS - Fachbeiträge zu Marketing und Digitalisierung
print logo

In Egypt: Construction begins on Africa's largest solar power plant

AMEA Power reached financial close for the delivery of 1 GW of renewable energy projects in Egypt and construction started January.
02.02.23 | Source: Solarify

AMEA Power , one of the fastest growing renewable energy companies in the Middle East, says it has reached financial close for the delivery of 1 GW of renewable energy projects in Egypt and started construction in early January 2023. The groundbreaking 500MW wind and 560MW solar projects represent a $1.1 billion investment in Egypt's economy, raising the company's clean energy portfolio in the country to 2GW, according to AMEA Power - the Company will develop, own and operate Africa's largest solar power plant, Kom Ombo Abydos, to be built in Egypt's Aswan Governorate .


JA Solar will supply all DeepBlue 3.0 Pro high-power modules for the project, which is expected to generate electricity for 2ct/kWh when completed, while the 505MW Amunet wind project will supply electricity for 3ct/kWh, which according to the IFC represents the lowest fares in Africa and one of the cheapest fares in the world”. The construction of the PV park started in early January 2023 and is expected to be completed within 19 months. The photovoltaic project "Kom Ombo Abydos" in Egypt is developed, controlled and operated by AMEA Power. When completed, the project will provide clean electricity to nearly one million Egyptian residents.

FREE NEWSLETTER