AMEA Power partners on a 1GW solar-plus-storage project in Egypt

AMEA Power, together with Kyuden International Corporation of Japan, has announced a partnership with the International Finance Corporation (IFC) and other partners to deliver a large-scale solar PV and battery energy storage project in Egypt (AMEA, 18/12/2025). With a total project cost of over US$700m, the project comprises a 1,000 MW solar PV plant combined with a 600 MWh battery energy storage system (BESS) in the Aswan Governorate, Egypt. The project is jointly owned by AMEA Power (60%) and Kyuden International Corporation (40%), and is expected to reach commercial operation in June 2026. It should then generate over 3 TWh/year.

The project is financed through an around US$570m senior debt package led by the IFC, comprising its own account and funds mobilised from international partners Cassa Depositi e Prestiti(CDP), FMO, DEG, British International Investment (BII), the OPEC Fund for International Development, and Europe Arab Bank (EAB).