UAE-based AMEA Power has announced a landmark renewable energy project in Aswan that will establish Africa’s largest single-site solar and battery storage facility, with total costs exceeding $700 million and expected commissioning in June 2026.
The mega project integrates a 1,000 megawatt solar photovoltaic plant with a 600 megawatt-hour battery energy storage system through a partnership between AMEA Power, which owns 60%, and Japan’s Kyuden International Corporation, holding the remaining 40%. The International Finance Corporation will finance the initiative through a $570 million senior debt package in addition to concessional funding.
Once operational, the facility is expected to generate over 3 megawatt-hours of clean electricity annually, enough to power more than 500,000 households and offset 1.6 million tonnes of CO₂ emissions each year. The construction process will create over 4,000 jobs, with more than 95% filled by Egyptians, supporting local economic growth in Upper Egypt.
Hussain Al Nowais, Chairman of AMEA Power, described the project as a defining step in Egypt’s clean energy journey, enhancing energy security and long-term development. This new initiative builds directly on AMEA Power’s established track record in Egypt, including the 500 MW Abydos Solar PV Plant commissioned in December 2024 and the 500 MW Amunet Wind Power Plant completed ahead of schedule in June 2025.
In a separate development, Investment and Foreign Trade Minister Hassan El Khatib met with Shihab Kuran, Founder and CEO of US-based Power Edison, to explore cooperation in sustainable energy solutions. Kuran announced plans for a feasibility study on local manufacturing to evaluate establishing production lines in Egypt for both domestic use and regional export.
The company aims to build industrial partnerships with Egyptian manufacturers in fields including batteries, transformers, electrical distribution equipment, trailers, power cables, and control systems. Kuran noted that Egypt is among the best countries globally regarding solar energy abundance, making it a focal point for major companies in the sector.
El Khatib stressed Egypt’s focus on localizing energy-related industries and modern technology transfer, highlighting that the country has invested $550 billion in infrastructure over recent years. He added that the state is adopting a growth model led by the private sector, with the government acting as a coordinator and enabler.
Source: egyptoil-gas.com