Clifford Chance has advised AMEA Power and Abydos Solar Power Company S.A.E. on the development and financing of a landmark solar photovoltaic (PV) and battery energy storage project in Aswan, Egypt.
The project comprises a 1,000 MW solar PV plant and a 600 MWh battery energy storage system (BESS). The project will be the largest integrated solar and battery energy storage project in Africa and represents a significant step in Egypt’s energy transition and the continued growth of large-scale renewable infrastructure across the continent.
The transaction is highly complex and multi-jurisdictional, involving legal frameworks across English, Egyptian, Japanese, DMCC, Cayman Islands, Hong Kong, and PRC law. It incorporates a sophisticated financing structure, including a combination of senior debt, mezzanine financing and export credit agency support, reflecting innovative structuring to address challenging global market conditions, including supply chain constraints and inflationary pressures.
The project sets a benchmark for large-scale renewable energy financing in the region and demonstrates the increasing integration of solar generation with battery storage solutions to enhance grid stability and energy reliability.
Clifford Chance’s cross-border team advising AMEA Power was led by Mohamed Hamra‑Krouha and Inaamul Laher, and was supported by Damon Dae‑Il Kim, Marius Fritz, Matthew Judkins, Tariq Zufar, Adil Tirimizey, Saud Aziz, and Marya Manna, with lawyers drawn from the firm’s Dubai, Abu Dhabi and London offices.
