Latest news with #HussainAlNowais
ME Construction
7 days ago
- Business
- ME Construction
AMEA Power commissions Egypt's first utility-scale BESS
Sustainability AMEA Power commissions Egypt's first utility-scale BESS By The company's first utility-scale storage project in North Africa is said to reinforce the company's capabilities in delivering large-scale, integrated renewable energy and storage solutions AMEA Power has announced the successful commissioning of Egypt's first utility-scale Battery Energy Storage System (BESS). This 300MWh facility, fully powered by solar PV energy, was delivered ahead of its scheduled commercial operation date (COD). The milestone follows the project's recent financial close, marking a significant step forward in AMEA Power's strategy to enhance energy security and grid stability in emerging markets. 'We are proud to bring this landmark battery storage project online, strengthening the resilience of Egypt's electricity grid while supporting the country's renewable energy ambitions,' said Hussain Al Nowais, Chairman of AMEA Power. 'This commissioning milestone reaffirms our long-term commitment to Egypt as a key partner in driving innovation and sustainability across Africa.' AMEA Power's first utility-scale storage project in North Africa is said to reinforce the company's capabilities in delivering large-scale, integrated renewable energy and storage solutions. The project's financing by the International Finance Corporation (IFC) underscores the strong partnerships in advancing energy projects in Africa. The battery storage facility is an extension of AMEA Power's operational 500MW Solar PV Plant in Aswan Governorate, Egypt, which was commissioned in December 2024. This integrated solar-plus-storage development aligns with Egypt's 2035 Integrated Sustainable Energy Strategy, and reflects AMEA Power's ongoing commitment to accelerating clean energy innovation and sustainability across the continent.
Zawya
15-07-2025
- Business
- Zawya
AMEA Power successfully commissions landmark battery energy storage system in Egypt, following successful financial close
Commissioning follows recent financial close, marking a major milestone in AMEA Power's growing energy storage portfolio Dubai, United Arab Emirates – AMEA Power, one of the fastest-growing renewable energy companies in the region, is pleased to announce the successful commissioning of Egypt's first-ever utility-scaled Battery Energy Storage System (BESS). The 300 MWh facility, fully powered by solar PV energy, was delivered ahead of its scheduled commercial operation date (COD). This milestone follows the project's recent financial close, marking a significant step forward in AMEA Power's strategy to enhance energy security and grid stability in emerging markets. The battery storage facility is an extension of AMEA Power's operational 500MW Solar PV Plant in Aswan Governorate, Egypt, commissioned in December 2024. It remains the largest operational single-site solar PV plant in the country. This integrated solar-plus-storage development aligns with Egypt's 2035 Integrated Sustainable Energy Strategy and reflects AMEA Power's ongoing commitment to accelerating the clean energy innovation and sustainability across the continent. 'We are proud to bring this landmark battery storage project online, strengthening the resilience of Egypt's electricity grid while supporting the country's renewable energy ambitions,' said Hussain Al Nowais, Chairman of AMEA Power. 'This commissioning milestone reaffirms our long-term commitment to Egypt as a key partner in driving innovation and sustainability across Africa.' The commissioning of this BESS project marks AMEA Power's first utility-scale storage project in North Africa, reinforcing the company's capabilities in delivering large-scale, integrated renewable energy and storage solutions. The project was financed by the International Finance Corporation (IFC), highlighting the importance of strong strategic partnerships in advancing energy projects in Africa. About AMEA Power Headquartered in Dubai, AMEA Power is a developer, investor, owner and operator of renewable energy projects. As one of the fastest-growing renewable energy companies in the region, AMEA Power has assembled a world-class team of industry experts to deliver projects across Africa, the Middle East, and emerging Asia. With projects in 20 countries, a 6GW+ project pipeline, and 2,600MW+ in operation and under construction, the company is rapidly expanding its investments in wind, solar, energy storage, and green hydrogen, demonstrating its long-term commitment to the global energy transition.
Al Etihad
01-07-2025
- Business
- Al Etihad
Aldar acquires integrated logistics assets in ALMARKAZ from WAHA CAPITAL for Dh530 million
1 July 2025 17:42 ABU DHABI (ALETIHAD)Aldar has acquired high-quality warehousing and light industrial real estate assets in the Al Dhafra region of Abu Dhabi from Waha for Dh530 a press statement on Tuesday, Aldar announced that the assets, located at ALMARKAZ Industrial Park—a flagship Industrial and business park development—add 182,500 sqm of net leasable area (NLA) to Aldar Investment's income-generating logistics freehold assets are located at the 6 million sqm ALMARKAZ Industrial Park, which was developed by Waha Land, a wholly-owned subsidiary of Waha Capital, and enjoys special economic zone status. With further development potential at AL MARKAZ, the transaction provides an opportunity for Aldar and Waha to explore future collaboration at the MARKAZ benefits from high-quality infrastructure and the growing demand for logistics space driven by increasing intra-regional trade, e-commerce and population growth. The flexible design of the buildings acquired by Aldar allows tenants to select from a range of unit sizes and building heights, offering excellent modularity. The assets, which are at near full occupancy with a diverse base of international, regional and government related tenants, add to Aldar's growing portfolio of logistics assets including Abu Dhabi Business Hub and 7 Central in Dubai Investments Park, as well as upcoming assets at National Industries Park in Jebel Ali and sites in Dubai Salah Busaibe, Chief Executive Officer of Aldar Investment, commented, "The acquisition of assets at ALMARKAZ from Waha is another step in Aldar's ongoing expansion within the UAE's logistics sector, aligning with our strategy to scale and diversify our recurring income streams. Our logistics platform continues to grow across Abu Dhabi and Dubai, capitalising on demand for well-located premium logistics and industrial space, and the assets at ALMARKAZ provide well-established and high-quality warehousing with strong fundamentals and growth potential.' The transaction marks a strategic milestone for Waha, reflecting over a decade of investment into ALMARKAZ and the successful transformation of a greenfield site granted by the Abu Dhabi Government into a thriving logistics and industrial Hussain Al Nowais, Managing Director of Waha Capital, said, 'Waha Capital is proud to have supported Waha Land's transformation of ALMARKAZ into a key pillar of Abu Dhabi's logistics and industrial landscape. Over more than a decade, our backing has enabled the creation of a high-quality, income-generating platform that directly contributes to the diversification of the Emirate's economy." Al Nowais added, "This transaction is a testament to the strength and scalability of the platform we have built, and to our commitment to long-term value creation across our portfolio. We are pleased to collaborate with Aldar on this milestone as we continue to unlock value and deliver strong returns for our shareholders.' The logistics segment of Aldar's investment properties portfolio represents a priority area for expansion. Aldar's portfolio includes Abu Dhabi Business Hub and the 7 Central logistics hub in Dubai – both of which were acquired in 2024. Aldar is also developing multiple logistics facilities in Dubai South and has entered a partnership with DP World to develop a 146,000 sqm logistics park at National Industries Park (NIP) in Jebel Ali. Source: Aletihad - Abu Dhabi
Morocco World
19-06-2025
- Business
- Morocco World
YNNA Group, AMEA Power to Develop 100-Megawatt Wind Farm in Laayoune
Rabat – Moroccan industrial company YNNA Group, and subsidiary of Emirati conglomerate Al Nowais Investments, AMEA Power, announced a joint agreement to develop a 100-megawatt wind farm in Morocco's Laayoune. The power plant's construction is set to begin by the end of 2025, with operations scheduled to start in 2027. The power plant is expected to prevent over 330,000 tons of CO2 emissions annually. A joint statement released today from the groups said that the joint venture stems from a shared ambition to contribute to Morocco's national energy transition strategy and support the country's goals in decarbonization and energy sovereignty. CEO of YNNA Group, Mama Tajmouati, said the partnership marks a decisive turning point for YNNA, reflecting the group's commitment to building a competitive, sovereign, and low-carbon energy model to serve Morocco and the two subsidiaries. 'This is a tangible step toward a sustainable future aligned with the Kingdom's ambitions,' the groups said. Chairman of AMEA Power, Hussain Al Nowais, also expressed satisfaction with the new partnership, noting that the agreement aims to deliver a major project in Morocco. Describing Morocco as a sister nation to the UAE, AMEA Power chairman stressed that the partnership is fully aligned with the company's commitment to developing sustainable, accessible energy solutions with a strong local impact. 'Morocco is a key market for AMEA Power, and we are determined to expand our footprint here through large-scale investments,' Al Nowais said. Morocco's energy efficiency is the 'second pillar' of Morocco's national energy strategy, Minister of Energy Benali said earlier this year, noting that an estimated 100,000 job opportunities are also expected by 2030. The country also aims to produce 52% of its energy through clean renewable sources by 2030. Tags: morocco on renewable energyRenewable Energy Investment
Zawya
16-06-2025
- Business
- Zawya
IFC, AMEA Power launch Egypt's first utility-scale battery storage system
Egypt - The International Finance Corporation (IFC) announced on Sunday a landmark investment to support the development of Egypt's first utility-scale battery energy storage system (BESS), in partnership with AMEA Power and the Government of Egypt. The project aims to enhance grid resilience and support the country's transition to clean energy. The IFC is providing a $72m debt package to Abydos Solar Project Company, a subsidiary of AMEA Power, to finance the integration of a 300 MWh BESS with the recently operational 500 MWac Kom Ombo solar photovoltaic plant in Aswan Governorate. The solar plant, which began operations in November 2024, was also financed by IFC and international partners in 2022. The battery system, currently in the commissioning phase, is expected to be fully operational by July 2025. Once online, it will deliver approximately 100,000 MWh of energy annually and reduce CO₂ emissions by nearly 20,000 tons each year. This milestone marks the first BESS to be developed under Egypt's 4 GW Emergency Renewable Energy Program—an initiative designed to meet increasing electricity demand through clean, cost-effective sources while reducing reliance on imported natural gas. 'At AMEA Power, we are committed to transforming the energy landscape through innovation, speed, and local collaboration,' said Hussain Al Nowais, Chairman of AMEA Power. 'Achieving financial close for Egypt's first utility-scale BESS—following the successful launch of our 500 MW wind farm in the country—is a clear demonstration of our ability to deliver large-scale renewable energy projects. We're proud to support Egypt's energy transition and grid reliability.' Makhtar Diop, Managing Director of IFC, emphasized the significance of the partnership: 'Meeting Egypt's rising energy demand—especially during peak summer months—requires bold, forward-looking solutions. This project delivers sustainable infrastructure today while laying the foundation for a more resilient, cleaner energy future. It showcases how strategic partnerships and advanced technologies can accelerate energy transitions.' The BESS project aligns with Egypt's climate platform, the Nexus of Water, Food, and Energy (NWFE), and the World Bank Group's Country Partnership Framework for Egypt (FY23–27), which emphasizes job creation, human capital development, and resilience to environmental and economic shocks. Since 2017, the World Bank Group and other development finance institutions (DFIs) have supported Egypt's private sector in developing 2.1 GW of solar and 2.8 GW of wind capacity. These efforts are expected to account for over half of Egypt's installed renewable energy capacity by 2027. IFC has played a key role in landmark initiatives such as the 1.4 GW feed-in-tariff (FiT) program at the Benban Solar Park, the 252 MW West Bakr Wind project, and AMEA Power's twin 500 MW Abydos Solar and Amunet Wind projects. Since launching its operations in Egypt in 1975, IFC has invested and mobilized nearly $10bn in development projects and maintains an advisory portfolio valued at $25m. Its work in Egypt spans climate finance, fintech, infrastructure, healthcare, manufacturing, gender equity, and renewable energy. © 2024 Daily News Egypt. Provided by SyndiGate Media Inc. (
