AMEA Power Portfolio
Project Description
This summary describes an application by AMEA Power Ltd. (AMEA) of the Cayman Islands (and/or any of its group holding companies, subsidiaries, or affiliates) for its portfolio of equity, quasi-equity and shareholder loan investments in its subsidiaries in ten African, Middle Eastern and Central Asian countries (Cote d’Ivoire, Djibouti, Egypt, Ethiopia, Jordan, Kenya, South Africa, Togo, Uganda, Uzbekistan) for the ownership, design, development, construction, financing, acquisition, operation, and maintenance of renewable energy and battery energy storage systems (BESS) projects, along with associated infrastructure and services for state-owned enterprises and commercial and industrial (C&I) offtakers. Established in 2016, AMEA develops, owns, and operates renewable energy projects in Africa, the Middle East and Asia. AMEA seeks cover for its portfolio of investments of up to US$ [1.15] billion against the risk of war and civil disturbance, expropriation, transfer restriction and currency inconvertibility and breach of contract for a guarantee period of up to 15 years.
AMEA Power, through its subsidiaries, develops, finances, and operates utility-scale solar PV, wind, and hybrid renewable energy projects, as well as water desalination facilities and related infrastructure. As of late 2025, the company manages a geographically diverse pipeline exceeding 12 GW of gross capacity and 800,000 m³/day of water desalination, with nearly 3 GW of installed or under-construction assets and over 3 GWh of battery energy storage systems (BESS). Flagship projects are located in Egypt, Uzbekistan, South Africa, and several other Sub-Saharan African countries. AMEA Power’s projects are typically structured under long-term power purchase or concession agreements—often backed by sovereign guarantees—and are financed through a mix of equity, development finance institutions, multilaterals, and commercial banks.
MIGA’s risk exposure under the guarantee is proposed to be shared with the IDA Private Sector Window (PSW) for the IDA eligible countries: Djibouti, Togo, Uganda, and Ethiopia. In parallel, the guarantee program will benefit from the support of the Renewable Energy Catalyst Trust Fund (RECTF) in Cote d’Ivoire and Kenya. The PSW and RECTF involvement is proposed via a shared first loss layer designed to enable greater private investment in underserved markets and helping MIGA expand its reach in Africa, in particular in IDA and FCS countries.
Environmental Categorization
The Project is category [A] under the MIGA’s Policy on Environmental and Social Sustainability. Click here for the project’s Environmental and Social Review Summary.
Development Impact
AMEA Power’s investments facilitate the supply of green, renewable power with competitive tariffs at significant scale. Its investments further the role of role of private investment in energy sectors in the Africa, Middle East and Central Asia region and introduce grid-scale storage for the first time in several countries (Egypt, Uzbekistan), allowing for renewable energy to become a more reliable source of baseload power. The projects also help bolster grid resilience through a diversification of the electricity mix, reducing vulnerabilities to climate events or supply shocks to energy inputs. The portfolio aligns with the World Bank’s extensive work on upstream policy reform, technical assistance, and project-level financing in the renewables sector, and the projects reflect each country’s Country Partnership Framework (CPF), which prioritize growth, private sector development, and the expansion of renewable energy.