AMEA Power has reached financial close on Egypt’s first utility-scale battery energy storage system (BESS), a 300 megawatt-hour project to be integrated with its existing 500 megawatt solar photovoltaic plant in the Aswan Governorate.
The storage facility will be supported by a $72 million debt package from the International Finance Corporation (IFC), aimed at enhancing the integration of renewable energy into Egypt’s national grid. The solar plant was commissioned in December 2024.
The BESS initiative is part of Egypt’s 4-gigawatt Emergency Renewable Energy Programme, a government-led effort to address increasing energy demand by promoting domestic clean energy generation and reducing dependence on imported natural gas.
“This investment delivers sustainable infrastructure that strengthens the grid today while laying the foundation for a cleaner, more resilient energy future in Egypt,” said IFC Managing Director Makhtar Diop. “This is modelling efficient transition – one that brings value for the country through advanced technologies and skills.”
The project marks another development in the ongoing collaboration between AMEA Power and IFC. Their joint efforts include the 500MW Amunet wind farm in Ras Ghareb and a 120MWp solar PV project in Metbassta, Tunisia.
The BESS facility is expected to be commissioned in July 2025.
“At AMEA Power, we are committed to transforming the energy landscape through innovation, speed, and local collaboration,” said AMEA Power Chairman Hussain Al Nowais. “Achieving financial close for Egypt’s first utility-scale BESS project is a clear demonstration of our ability to deliver large-scale renewable energy projects.”
