AMEA Power secures financing and begins construction on 1 GW/600 MWh solar-plus-storage plant in Egypt
Type: Financing · Technology: Solar, Storage · Country: Egypt · Value: $700M · Announced: 2025-12-19
AMEA Power, with Kyuden International Corporation and financing led by the International Finance Corporation and partners, has begun construction after securing financing for a 1 GW solar PV and 600 MWh BESS hybrid project in Aswan Governorate, Egypt, with a total project cost of more than $700 million and ownership split 60% AMEA Power / 40% Kyuden International.
Counterparties
- Cassa Depositi e Prestiti (Lender)
- DEG (Lender)
- Clean Technology Fund (Lender)
- British International Investment (Lender)
- Kyuden International Corporation (Partner)
- International Finance Corporation (Lender)
- Europe Arab Bank (Lender)
- OPEC Fund for International Development (Lender)
- FMO (Lender)
- AMEA Power (Developer)
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