Amea Power expands renewable energy presence in West Africa
The UAE’s Amea Power is set to build a 50 MW solar power plant in the Ivory Coast after signing a concession agreement and a 25-year power purchase agreement (PPA), according to a statement. The USD 60 mn plant will be the first solar Independent Power Project (IPP) in the country and will be developed under a Build-Own-Operate-Transfer (BOOT) model. Amea inked the PPA with the West African country’s Energy Ministry at the Abu Dhabi Sustainability Week this week. The timeline of the project has not been disclosed.
The details: The solar project will produce over 85 GWh of clean energy annually. Energy will be distributed through Compagnie Ivoirienne d'Electricité, a private provider operating under a concession agreement with the government.
Not Amea’s first foray in West Africa: The company expanded its project in neighboring Togo last November by adding 20 MW to the Mohammed bin Zayed solar power plant, bringing its total capacity to 70 MW. The Dubai-based renewable energy company previously developed the first two phases of the Mohammed bin Zayed solar power plant, which became operational in June 2021.
And there’s more in the pipeline: Amea is in the final stages of construction for a solar project in Burkina Faso and developing a solar project in Mali.
Amea’s regional presence is on the rise: The company’s portfolio includes a USD 800 mn, 500 MW green hydrogen plant in the Suez Canal Economic Zone in Egypt, a USD 100 mn, 100 MW solar plant in Tunisia, a 100 MW wind project in Morocco and a 500 MW wind project in Egypt with Japan’s Sumitomo, among others. The company also has 6 GW of renewables projects in 15 countries in the pipeline.