AMEA Power has officially commissioned a 500MW wind power facility in Ras Ghareb in Egypt. Located in the country’s Red Sea Governorate, the project was developed in partnership with Japan’s Sumitomo Corporation.
The project was completed two and a half months ahead of schedule, underscoring AMEA Power’s operational efficiency and execution capabilities. Construction activities created significant economic benefits, employing up to 800 workers at peak periods and reinforcing AMEA Power’s commitment to local job creation and inclusive development.
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Operational efficiency
The project was completed two and a half months ahead of schedule, underscoring AMEA Power’s operational efficiency and execution capabilities. Financing for the project was arranged through a consortium of international institutions, including the International Finance Corporation (IFC), Japan Bank for International Cooperation (JBIC), Standard Chartered Bank, Sumitomo Mitsui Banking Corporation, and Sumitomo Mitsui Trust Bank.
AMEA Power holds a 60% stake in the venture, with Sumitomo owning the remaining 40%. The commercial tranche of the deal was insured by Nippon Export and Investment Insurance (NEXI), with further backing from Egypt’s Commercial International Bank.
Chairman Hussain Al Nowais described the project as a transformative step for Egypt and Africa’s renewable energy landscape, emphasizing the company’s ambition to deliver impactful clean energy solutions.
This wind farm commissioning follows the launch of AMEA Power’s 500MW solar PV plant in Aswan, completed earlier this year. With these two projects alone, the company has brought 1GW of renewable energy capacity online in Egypt within just six months. Additionally, in January 2025, AMEA Power expanded its footprint into South Africa by securing two battery energy storage system (BESS) projects; Gainfar and Boitekong, each with over 300MW of capacity, aimed at stabilizing the national grid.
