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SoftBank Group invests $75 million in AMEA Power.

AMEA Power, a rapidly growing renewable energy developer in Africa, has secured a significant $75 million equity financing agreement with SoftBank Group Corp., a prominent Japanese investment holding company. This marks AMEA Power’s first external equity financing in several years, following its founding shareholder, Laniwai’s Investments LLC. AMEA Power announces new appointments, Jean Rappe named CEO ...

The funding from SoftBank Group will enable AMEA Power and SBG to explore collaborative partnerships aimed at maximizing value creation, particularly in the Asia, Middle East, and Africa region. The financing provided by SoftBank Group is entirely equity-based, and several international agencies, strategic corporations, and financial investors are also considering potential investments.

Established in 2016, AMEA Power has assembled a team of industry experts dedicated to delivering renewable energy projects in Africa, the Middle East, and other emerging markets. The company’s investment focus spans wind, solar, energy storage, green hydrogen, and desalination, highlighting its strong commitment to the global energy transition.

Headquartered in Dubai, AMEA Power currently operates and is constructing approximately 1.45 GW of generating capacity. Furthermore, the company has an extensive clean energy pipeline of nearly 6 GW across 15 countries. Having achieved success in Africa, AMEA Power now aims to expand its presence in the Middle East, Kazakhstan, Uzbekistan, Azerbaijan, other CIS countries, and additional regions in Southeast Asia.How Dubai based AMEA Power is quickly transforming communities through ...

AMEA Power prioritizes economic and social development by actively engaging with local stakeholders to develop programs that enhance local community access to their renewable energy projects. Chairman Hussain Al Nowa is expressed pride in welcoming SoftBank Group as a new investor in AMEA Power, emphasizing the significance of this milestone and the partnership’s role in driving the global energy transition forward.

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