This latest project brings AMEA Power’s total portfolio of solar and wind energy projects in Egypt to 2,500MW, including 2,400MWh of battery energy storage

The projects, Al Masa’a (MAS) and Al Henakiyah 2 (AHK2), are part of the fifth round of Saudi Arabia’s National Renewable Energy Program (NREP)

Masdar reported that its operational, under-construction, and advanced pipeline capacity increased from 20GW in 2022 to 51GW by the close of 2024.

The loan, with a 20-year tenure, will finance the development, construction, and ongoing operation and maintenance of the wind farm.

The awarded projects, located across Mpumalanga, Limpopo, and the North West Province, will bolster South Africa’s renewable energy capacity.

The strategic investments are set to strengthen the company’s renewable energy portfolio while advancing its ambitious target of achieving 100GW of global capacity by 2030.