Dubai-based AMEA Power has reached financial close on Egypt’s first-ever utility-scale battery energy storage system (BESS), a major milestone in the country’s push to modernise its grid and increase renewable energy resilience.
The 300MWh BESS facility, co-located with AMEA Power’s operational 500MW solar PV plant in Kom Ombo, Aswan Governorate, is expected to be commissioned in July 2025, just six months after project documents were signed.
The system will be integrated into the existing solar park to help stabilise output, store excess generation, and enhance grid reliability during peak demand periods.
The project is backed by a $72 million financing package from the International Finance Corporation (IFC), part of a broader strategic partnership that includes the recently commissioned 500MW Amunet Wind Farm in Ras Ghareb and ongoing solar projects in Tunisia.
The deal was signed in Cairo in the presence of top Egyptian officials, including Prime Minister Mostafa Madbouly, Energy Minister Dr Mahmoud Esmat, and Planning Minister Rania Al-Mashat. Makhtar Diop, Managing Director of IFC, hailed the project as a model for energy transition in emerging markets.
“This investment delivers sustainable infrastructure that strengthens the grid today while laying the foundation for a cleaner, more resilient energy future in Egypt,” Diop said.
The Kom Ombo BESS is the first project to advance under Egypt’s 4GW Emergency Renewable Energy Programme, a government-led initiative aimed at fast-tracking clean energy deployment in response to growing electricity demand and volatile gas imports.
Hussain Al Nowais, Chairman of AMEA Power, described the achievement as a “clear demonstration” of the company’s ability to deliver complex projects at scale and speed, adding that local partnerships were key to execution.
Battery storage systems are emerging as critical enablers of the energy transition, particularly in countries like Egypt where solar and wind energy are being rapidly scaled. By storing electricity during periods of surplus and discharging during high demand, BESS helps balance intermittent renewable supply and enhances grid reliability.
AMEA Power, which has active projects in over 20 countries and a pipeline exceeding 6GW, is rapidly expanding across Africa, the Middle East, and emerging Asia, with growing interest in energy storage and green hydrogen.
