To this end, AMEA Power and Kyuden have partnered with the International Finance Corporation (IFC). They are launching one of the first innovative, distributed solar battery storage projects in Egypt. The plan is worth more than $700 million. It will produce more than three million megawatt-hours of renewable electricity annually, enough to serve about 500,000 homes. Once construction is underway, the project is projected to enter commercial operations by June of 2026.
This collaborative engagement is an important step for both organizations. AMEA Power owns 60% of the project through a consortium, while Kyuden holds the remaining 40%. This effort represents a significant step toward improving Egypt’s energy security. Importantly, it increases the resilience of our power system, a key element to achieving national economic and environmental prosperity goals.
Job Creation and Local Involvement
During the construction phase of the project alone, it will generate more than 4,000 jobs. Local workers are already slated to occupy over 95% of these jobs! This emphasis on local workforce development fits well with Egypt’s overall goal of improving its economy and creating jobs for its people.
Hussain Al Nowais, the chairman of AMEA Power, emphasized the project’s significance:
“This project reflects AMEA Power’s ability to move with speed and scale. Given the strategic importance of this renewable energy project for Egypt’s energy system, we initiated construction at the earliest opportunity, advancing delivery even before project finance was finalised. As the largest solar and battery storage project developed in Africa, it marks a defining step in Egypt’s clean energy journey and delivers meaningful benefits to the country, enhancing energy security, supporting local employment, and strengthening the foundations for long-term national development.”
Environmental Impact
This project stands to take a huge bite out of their carbon emissions. It is intended to reduce around 1.6 million tonnes of carbon dioxide (CO₂) emissions annually. It plans to combine a 1GW solar photovoltaic plant with a 600MWh battery energy storage system. Once complete, this development will be Africa’s largest single-asset renewable energy and battery storage project.
The environmental benefits extend far past emissions reductions. They are central to Egypt’s plans to decarbonize its energy and become a regional clean energy leader. This is on track with international movements to fight climate change and meet growing energy needs.
A Collaborative Effort
Takashi Mitsuyoshi, chief executive officer of Kyuden, expressed his gratitude for being part of this pivotal project:
“We are honoured to be part of this landmark project in Egypt and to collaborate with IFC and AMEA Power. Together, we are committed to delivering this project successfully. We believe it will contribute significantly to Egypt’s clean and sustainable development and accelerate the transition to renewable energy.”
The collaboration is demonstrative of the shared vision of international partners to continue moving the agenda on Egypt’s renewable energy forward. With shovels already in the ground, the project dispels a great many doubts to inspire similar investments in transformative clean energy initiatives from Lima to La Paz and beyond.