AMEA Power Commissions Africa’s Largest Wind Power Plant in Egypt
Deal News | Jun 02, 2025 | Zawya
AMEA Power, a rapidly expanding renewable energy firm, has successfully commissioned the largest wind power plant in Africa, located in Ras Ghareb, Egypt. This 500MW facility, part of a joint venture with Sumitomo Corporation, is expected to generate 2,500 GWh of clean energy annually, serving over 500,000 homes and reducing carbon emissions by 1.4 million tons each year. The project, completed ahead of schedule, underscores AMEA Power's ability to deliver complex projects swiftly and efficiently. The wind farm construction brought significant economic benefits to the local community, employing over 800 workers and providing skills development and health and safety training. A consortium of international financial institutions, supported by insurance from Nippon Export and Investment Insurance (NEXI), financed the project. The completion of this milestone reflects AMEA Power's broader strategy to enhance its renewable energy portfolio across Africa with upcoming projects in different regions.
Sectors
- Renewable Energy
- Infrastructure and Construction
- Finance
Geography
- Egypt – The location of the newly commissioned wind power plant and the focus of AMEA Power's energy projects.
- UAE – AMEA Power's headquarters are located in Dubai, UAE, a major player in renewable energy globally.
Industry
- Renewable Energy – The article focuses on the commissioning of a large-scale wind power plant, a key segment within the renewable energy industry.
- Infrastructure and Construction – Involves large-scale construction projects for wind farms and the associated economic impact on local infrastructure.
- Finance – The project is financed by a consortium of international financial institutions, highlighting the financial industry's role in enabling large-scale energy projects.
Financials
- 500MW – The capacity of the newly commissioned wind power plant.
- 1.4 million tons – Amount of CO2 emissions offset annually by the wind power plant.
- 2,500 GWh – Annual clean electricity generation capacity of the wind power plant.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| AMEA Power | Developer/Owner | Company | A leading renewable energy company based in Dubai, rapidly expanding its renewable energy projects across Africa. |
| Sumitomo Corporation | Joint Venture Partner | Company | A Japanese corporation that owns a 40% stake in the wind power plant project. |
| Japan Bank for International Cooperation (JBIC) | Financier | Company | Part of the consortium that financed the wind power plant project. |
| International Finance Corporation (IFC) | Financier | Company | A member of the World Bank Group, involved in financing the project. |
| Sumitomo Mitsui Banking Corporation | Financier | Company | A leading Japanese bank involved in the project's financing. |
| Sumitomo Mitsui Trust Bank | Financier | Company | Provided financial support for the wind power project. |
| Standard Chartered Bank | Financier | Company | An international bank that participated in financing the wind farm. |
| Nippon Export and Investment Insurance (NEXI) | Insurance Provider | Company | Provided insurance backing for the commercial tranche of the project's financing. |
| Commercial International Bank of Egypt | Working Capital Support | Company | Provided additional capital support to the wind power project. |
| Hussain Al Nowais | Chairman | Person | Chairman of AMEA Power, instrumental in the strategy and execution of the company's renewable energy projects. |