AMEA Power, a leading renewable energy company, has announced a significant investment of $600 million to develop a 500 MW wind power project in the Gulf of Suez, raising its total investments in Egypt to $2 billion. This project aligns with Egypt's national strategy to achieve 42% of its energy mix from renewable sources by 2030. The company has already established a strong presence in the region, with a total capacity of 1,000 MW from wind and 1,500 MW from solar energy, alongside 900 MW of battery storage capacity.

AMEA Power, a leading renewable energy company, has announced a significant investment of $600 million to develop a 500 MW wind power project in the Gulf of Suez, raising its total investments in Egypt to $2 billion. This project aligns with Egypt's national strategy to achieve 42% of its energy mix from renewable sources by 2030. The company has already established a strong presence in the region, with a total capacity of 1,000 MW from wind and 1,500 MW from solar energy, alongside 900 MW of battery storage capacity.