The United Arab Emirates' renewable project developer AMEA Power has reached financial close of a 300 MWh Battery Energy Storage System (BESS) project in Egypt, scheduled to be commissioned in July 2025. AMEA Power has secured US$72m from the IFC, which will finance the integration of the utility-scale BESS into the operational 500 MW Abydos solar PV plant in Kom Ombo, in the Aswan Governorate (southern Egypt). IFC also financed AMEA Power's recently commissioned 500 MW Amunet wind park in Ras Ghareb (Egypt) and its 120 MW solar PV project in Metbassta (Tunisia).
AMEA Power has already invested over US$3bn in solar, wind, and battery storage projects in Egypt, bringing the company’s total capacity in the country to 2,500 MW of wind and solar projects, and 2,400 MWh BESS.
The project will help Egypt's meet its 4 GW Emergency Renewable Energy Program, designed to address rising electricity demand by leveraging clean energy solutions and decreasing dependence on natural gas imports.