When the sunshine of North Africa shines on the Gobi Desert of Aswan, an energy revolution is quietly brewing. AMEA Power, a new energy giant headquartered in the United Arab Emirates, has made a major investment by partnering with Japan's Ninebot International Corporation to build a solar power and battery storage integrated project in the Aswan region of Egypt, with a total investment of over 700 million US dollars. This project, hailed as the largest single renewable energy and energy storage facility in Africa, is not only a benchmark for cross-border capital to deeply cultivate clean energy, but also will press the "acceleration key" for Egypt's energy structure transformation, and is expected to be officially put into operation in 2026.

Breaking the record for clean energy projects in Africa

This project builds a stable and efficient clean energy supply system through the golden combination of "photovoltaic power station+energy storage system". The core of the project includes a 1000 megawatt solar photovoltaic power station and a 600 megawatt hour battery energy storage system. The two facilities work together to solve the intermittent problem of solar power generation relying on the weather.

After being put into operation, the project can output over 3 billion kilowatt hours of clean electricity annually, enough to light up over 500000 Egyptian households; In the field of carbon reduction, it can reduce about 1.6 million tons of carbon dioxide emissions annually, equivalent to the ecological benefits of planting nearly 44 million trees.

From the perspective of equity structure, AMEA Power leads the project construction with a 60% stake, while Japan's Jiudian International Corporation enters the investor camp with a 40% stake. This is the first time that a Japanese company has laid out in the clean energy market in Egypt, marking that Egypt is becoming a new hotspot for international energy capital with its superior lighting resources and broad market prospects.

Multi country forces jointly build energy cooperation bridges

The smooth progress of the project cannot be achieved without the strong support of international financial institutions. The International Finance Corporation has tailored a multi-level financing plan for it, providing $570 million in senior debt financing and matching preferential funds to inject sufficient "blood" into the project construction.

This financing not only recognizes the commercial value of the project, but also demonstrates the international community's firm confidence in Egypt's clean energy track. AMEA Power Chairman Hussein Al Nowais stated, "This project is a milestone in Egypt's clean energy development, which will significantly enhance the country's energy security and lay a solid foundation for sustainable economic and social development

The tripartite linkage between multinational capital, international financial institutions, and the Egyptian domestic market is outlining a mutually beneficial blueprint for energy cooperation.

Clean energy projects ignite regional development engines

The dual wheel drive of economic and social benefits is another highlight of this project.

During the construction phase, the project will release over 4000 job opportunities, with over 95% of them prioritizing local Egyptian labor. This measure will directly drive employment and income growth in Upper Egypt, inject economic vitality into Aswan and surrounding areas, and enable local residents to share the dividends of clean energy development.

After being put into operation, the value of the project will continue to be released: on the one hand, the synergy between the energy storage system and the photovoltaic power station will greatly enhance the stability and resilience of the Egyptian power grid, alleviating the power supply pressure during peak periods of electricity consumption; On the other hand, the large-scale import of clean electricity will effectively reduce Egypt's dependence on traditional fossil fuels, help it achieve its strategic goal of diversifying its energy structure, and provide a replicable model for energy transformation in North Africa.

From photovoltaics to wind power, from single generation to integrated photovoltaic and energy storage, AMEA Power's energy layout in Egypt is constantly upgrading. The landing of this large-scale photovoltaic energy storage project is not only an expansion of its own territory, but also indicates that Egypt is accelerating towards a new era dominated by clean energy.Editor/Bian Wenjun