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CASE STUDY Powering Egypt’s clean energy transition (2025) Generating 3 million MWh of clean power annually for North Africa’s most populous country
OPEC Fund financing: US$37 million
Total project cost: US$570 million
Egypt has long relied on natural gas to generate electricity but rising domestic demand and foreign currency pressures have made it increasingly difficult to balance provision with consumption. To diversify its energy sources, the Government of Egypt launched in 2025 the Emergency Renewable Energy Program — which included the Abydos II project as one of its biggest undertakings. The OPEC Fund supported this award-winning project with a US$37 million loan, part of a package led by the International Finance Corporation (IFC) that mobilized over US$570 million. The 1,000 MW solar photovoltaic plant and 600 MWh battery energy storage system is
set to generate more than 3 million MWh of clean power annually — enough to supply half a million households with electricity, while avoiding 1.6 million tonnes of CO₂ emissions per year. Beyond its engineering excellence, Abydos II boosts the surrounding region in various ways. Hussain Al Nowais, Chairman of the developer AMEA Power, said: “As the largest solar and battery storage project developed in Africa, this marks a defining step in Egypt’s clean energy journey and delivers meaningful benefits to the country, enhancing energy security, supporting local employment and strengthening the foundations for long-term national development.”
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