RIYADH: Egypt has signed two agreements with UAE-based AMEA Power to develop a 500-megawatt wind farm in the Gulf of Suez, further strengthening the nation’s renewable energy sector.
The partnership, valued at $600 million, was formalized during the inauguration of the Abydos 1 solar power plant in the southern city of Aswan.
The agreements highlight Egypt’s commitment to diversifying the sector and advancing its national renewable energy strategy, according to a statement from the Cabinet.
The new wind project in the Gulf of Suez, located at the northern end of the Red Sea, will contribute 500 MW to Egypt’s energy grid, supporting the country’s goal of generating 42 percent of its electricity from renewable sources by 2030.
The $600 million investment is expected to reduce carbon emissions, create employment opportunities, and enhance Egypt’s energy security.
Prime Minister Mostafa Madbouly said the initiative aligns with Egypt’s strategic vision to increase reliance on renewable energy.
He also said that enhancing the role of renewable sources in the country’s energy mix is a national priority, particularly given the nation’s abundant natural resources, emphasizing the government’s commitment to creating a favorable environment for international investments and advancing sustainable development.
Inauguration of the Abydos 1 Solar Plant
The ceremony marked the launch of the Abydos 1 solar power plant in the Kom Ombo desert region of Aswan. Developed by AMEA Power, the solar facility is expected to significantly enhance Egypt’s renewable energy output.
The Cabinet said the project is part of a broader effort to stabilize the national electricity grid, reduce dependency on fossil fuels, and minimize power outages.
Egypt’s Minister of Electricity and Renewable Energy Mahmoud Esmat praised the Abydos 1 project, saying that it reflects the country’s commitment to promoting clean energy and reducing greenhouse gas emissions.
He highlighted the government’s ongoing efforts to support renewable energy initiatives and attract global investment.
Egypt’s renewable energy ambitions
The signing of the agreements and the inauguration of the solar plant are integral to Egypt’s broader strategy for energy diversification.
Madbouly said the projects are crucial steps in Egypt’s journey toward becoming a regional leader in renewable energy and the government was focused on harnessing the natural potential to support its energy needs and ensure long-term sustainability.
The prime minister also acknowledged the strategic partnership with AMEA Power, praising the UAE company’s role in delivering innovative and sustainable energy solutions. He expressed gratitude to President Abdel Fattah El-Sisi for his leadership in supporting Egypt’s transition to clean energy.
