Baker McKenzie Advised AMEA Power On The USD 700 Million Abydos II Solar Project In Egypt
Baker McKenzie Cairo advised AMEA Power on the USD 700M Abydos II 1GW solar and 600 MWh battery project in Egypt.
Baker McKenzie advised AMEA Power on the USD 700 Million Abydos II Solar Project in Egypt
The global law firm, Baker McKenzie Cairo advised AMEA Power in connection with the development and financing of Africa’s largest single-site solar and battery energy storage project, a transformative 1,000 MW solar PV and 600 MWh battery facility in Egypt’s Aswan Governorate. The USD 700 million project, jointly owned by AMEA Power and Kyuden International Corporation, is expected to reach commercial operation in June 2026. Once operational, the project will deliver over 3 million MWh of clean electricity annually, powering more than 500,000 Egyptian households and offsetting 1.6 million tonnes of CO₂ emissions each year.
Baker McKenzie Cairo advised AMEA Power on all aspects of the project, including regulatory matters with the Egyptian government, drafting and negotiating project and finance documents, land and permitting issues, early construction mobilization, and achieving financial close with a consortium of international lenders led by the International Finance Corporation (IFC).
Mohamed Elharmy, Partner at Baker McKenzie, commented,
"We are proud to have advised AMEA Power and Kyuden International on the development and financing of this landmark 1GW solar PV integrated with large-scale battery energy storage. This project represents a major step forward for Egypt’s clean energy transition, enhancing grid stability while delivering reliable, low-carbon power at scale. Building on the successful operation of the 500MW solar and 300MWh BESS Abydos 1 project, which we also advised on, this project further demonstrates the bankability of complex renewable and storage projects in Egypt. We value our strategic partnership with the sponsors and are pleased to continue supporting their long-term vision and investment in the Egyptian market."
The Baker McKenzie team was led by Mohamed Elharmy (Partner, Projects and Finance) and Ghada El Ehwany (Partner, Corporate/Commercial), with support from Hani Nassef (Partner, M&A), Mohamed Elfar (Counsel, Anti-trust), Mohamed Abdelhalim (Counsel, Capital Market), Bassem Abdelrahman (Counsel, M&A), Ingy Elkady (Senior Associate, M&A), Marah Hashem (Associate, Corporate/Commercial), Mohamed Aon (Junior Associate, Corporate/Commercial), and Hania Elshazly (Junior Associate, Projects and Finance).
Baker McKenzie Cairo is the local arm of the global law firm, established in 1986, known for advising multinational corporations on complex, cross-border deals in sectors like Energy (renewables, oil & gas), Banking & Finance, and TMT, leveraging expertise in both Egyptian and English law for key transactions in Egypt. The office provides full-service legal support, including Corporate, M&A, Project Finance, and Regulatory advice, with key figures like Mohamed Ghannam, Lamyaa Gadelhak, Ghada El Ehwany, and Mohamed Elharmy leading various practice areas.
If you have a news or deal publication or would like to collaborate on content, columns, or article publications, connect with the Legal Era News Network Team and email us at info@legalera.in or call us on +91 8879634922.