- The initiative requires an estimated USD 150 million (EUR 137.7m) in investments
- AMEA Power already has more than 1,230MW of clean energy projects in operation
AMEA Power LLC has recently collaborated with Mozambique’s Hydropower to establish a 125-MWp solar project in the East African country.
During the recent COP28 climate summit in Dubai, a partnership agreement for collaboration was formalised.
Providing guidance on investment procedures and business requirements in Mozambique, the organisation supported AMEA Power’s inaugural venture into the African country’s renewable energy market with the Matambo photovoltaic (PV) project.
The initiative, requiring an estimated USD 150 million (EUR 137.7m) in investments, will receive backing from Mozambique’s National Investment Bank (BNI). Once operational, Matambo Park is anticipated to supply electricity to over 150,000 local homes, mitigating approximately 232,900 tonnes of carbon dioxide (CO2) emissions annually.
“Africa is a highly important strategic market, and we remain committed to identifying new opportunities on the continent, as well as priority markets worldwide that hold strong potential for businesses in Dubai,” said Mohammad Ali Rashed Lootah, President and CEO of Dubai Chambers.
AMEA Power is one of the fastest growing renewable energy companies in the region, with a clean energy pipeline of over 6GW across 20 countries. Founded in 2016, AMEA Power has assembled a leading team of global industry experts to deliver projects across Africa, the Middle East and other emerging markets. AMEA Power already has more than 1,230MW of clean energy projects in operation or construction in Burkina Faso, Egypt, Jordan, Morocco and Togo. To support its growth, AMEA Power rapidly expands its investments in wind, solar, energy storage and green hydrogen, demonstrating its long-term commitment to the global energy transition.
