The Abydos II initiative, with an overall cost of approximately $737 million, is being developed by AMEA Power in Aswan Governorate in southern Egypt.

It is designed to become one of the continent’s most significant integrated solar and battery storage facilities once complete.

The plant will combine 1 GW of solar photovoltaic capacity with a 600 MWh battery storage system, enabling the dispatch of clean electricity even when sunlight is not available.

Upon entering service in 2026, the facility is expected to produce about 2,910 GWh of renewable electricity each year, helping to cut roughly 1.6 million tonnes of carbon dioxide emissions annually and bolster Egypt’s efforts to expand its clean energy share.

The project’s financing reflects a broad coalition of global impact investors.

Alongside BII, this includes the International Finance Corporation, Italy’s Cassa Depositi e Prestiti (CDP), Germany’s DEG, the Dutch FMO, the OPEC Fund for International Development and the Europe Arab Bank.

Securing a 25-year power purchase agreement (PPA) with the Egyptian Electricity Transmission Company (EETC) underpins the commercial viability of the project by guaranteeing long-term offtake of the electricity it generates.

The arrangement is intended to support stable, affordable power delivery to households, businesses and industry, contributing to economic growth and energy security.

BII’s commitment aligns with wider national goals, with Egypt setting a target of achieving 42 per cent renewable energy in its electricity mix by 2030, part of broader strategic efforts to position the country as a regional hub for clean energy and reduce dependence on imported fuels.

Iain Macaulay, Director and Head of Project Finance for Africa and Pakistan at BII, described the investment as a key step in Egypt’s clean energy development.

He highlighted that the project is expected to produce dependable, low-carbon power, generate employment opportunities during construction and operation, and demonstrate how large-scale renewables and storage can both advance climate action and promote economic opportunity across the region.

The Abydos II project also builds on a growing pipeline of renewable infrastructure in Egypt, a nation that hosts significant solar initiatives, including the Benban Solar Park—one of the world’s largest solar power complexes—and an expanding suite of wind and storage projects.