The UAE-based renewable energy company, AMEA Power, has announced plans to build a large-scale solar panel and battery storage project in Aswan, Egypt. The project, which is expected to be Africa’s largest single-site renewable energy and battery storage facility, will be developed in partnership with Japan’s Kyuden International Corporation. AMEA Power will own 60% of the project, while Kyuden International Corporation will hold the remaining 40%. The International Finance Corporation (IFC) will provide financing for the project through a $570 million senior debt package, in addition to concessional funding.
The project will integrate a 1,000 megawatt (MW) solar photovoltaic (PV) plant with a 600 megawatt-hour (MWh) battery energy storage system (BESS), with a total cost exceeding $700 million. Once operational in June 2026, the project is expected to generate over 3 million megawatt-hours (MWh) of clean electricity annually, enough to power more than 500,000 households and offset 1.6 million tonnes of CO₂ emissions each year.
The construction process is expected to create over 4,000 jobs, with more than 95% of the workforce filled by Egyptians, supporting local economic growth in Upper Egypt. The project is seen as a significant step in Egypt’s clean energy journey, enhancing energy security and long-term development. AMEA Power has established a strong track record in Egypt, having delivered several key renewable energy projects, including the 500 MW Abydos Solar PV Plant and the 500 MW Amunet Wind Power Plant.
This new solar-plus-storage initiative in Aswan builds on AMEA Power’s previous successes and reinforces the company’s role in Egypt’s clean energy expansion. The project also marks Kyuden International Corporation’s first investment in Egypt. According to Hussain Al Nowais, Chairman of AMEA Power, the project is a defining step in Egypt’s clean energy journey, and the company is committed to supporting the country’s transition to a cleaner and more sustainable energy mix. Overall, the project is expected to have a significant impact on Egypt’s energy sector, reducing the country’s reliance on fossil fuels and promoting the use of renewable energy sources.