AMEA Power Commences Solar Project in Ivory Coast
Deal News | Mar 02, 2025 | Zawya
AMEA Power has launched the construction of a 50MW solar photovoltaic plant in Bondoukou, Ivory Coast, marking the company's first operational asset in the country. With an investment of $60 million, financed by FMO and DEG, the project aims to generate 85 GWh of clean energy annually, sufficient to power approximately 358,000 households and reduce over 52,000 tons of CO2 emissions. This initiative aligns with the Ivory Coast government's strategy to increase renewable energy capacity to 45% by 2030. The groundbreaking ceremony on February 27, 2025, was attended by Ivory Coast’s Minister of Mines, Oil and Energy, and executives from AMEA Power. The company also plans to contribute to local socio-economic development through initiatives focusing on gender equality, education, and skills training. Headquartered in Dubai, AMEA Power is a leading renewable energy company with projects across Africa, the Middle East, and Asia, reflecting its commitment to the global energy transition.
Sectors
- Renewable Energy
- Finance and Investment
Geography
- Ivory Coast – The project is located in Bondoukou, Ivory Coast, and involves the government and community initiatives within the country.
- Dubai – AMEA Power, the developer, is headquartered in Dubai, reflecting its international reach in the renewable sector.
Industry
- Renewable Energy – The article discusses a solar PV project, indicating involvement in the renewable energy sector focused on solar energy expansion.
- Finance and Investment – The project involves a significant financial transaction, with funding from FMO and DEG, highlighting the financial investment aspect.
Financials
- $60 million – Total investment amount for the solar project in Ivory Coast.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AMEA Power | Developer and Owner | Company | A renewable energy company developing the 50MW solar project in Ivory Coast. |
| AMEA Goutougo | Project Company | Company | A project company registered in Ivory Coast and fully owned by AMEA Power. |
| FMO | Financier | Company | Dutch development bank involved in financing the project. |
| DEG | Financier | Company | German development finance institution providing financial support for the project. |
| Mamadou Sangafowa Coulibaly | Government Minister | People | Minister of Mines, Oil and Energy of Ivory Coast. |
| David Falcon | CFO | People | Chief Financial Officer of AMEA Power. |
| Hussain Al Nowais | Chairman | People | Chairman of AMEA Power, expressing the company's vision for clean energy in Africa. |