Sumitomo Corporation (Head Office: Chiyoda-ku, Tokyo; Representative Director, President and Chief Executive Officer: Shingo Ueno) announces that the Amunet Wind Power Plant, developed through AMUNET WIND POWER COMPANY S.A.E. (hereinafter "Amunet"), a project company jointly established with AMEA Power (Head Office: Dubai, UAE; Chairman: Hussain Al Nowais; hereinafter "AMEA"), was completed approximately 2.5 months ahead of schedule, with commercial operations beginning on May 29, 2025. The plant has a generating capacity of approximately 500 megawatts, with annual generation estimated to meet the electricity needs of around one million Egyptian households. Amunet will supply power for approximately 25 years under a long-term power purchase agreement (PPA) with Egypt's state-owned Egyptian Electricity Transmission Company.
By operating the country's largest onshore wind power plant, Sumitomo Corporation aims to accelerate the growth of its Energy Solutions Business, a core growth pillar in its current Medium-Term Management Plan.

The Importance of Wind Power in Egypt

Electricity demand in Egypt continues to surge due to population growth and rising average temperatures. Currently, approximately 80% of the country's power supply comes from natural gas-fired generation. The Egyptian government is promoting the development of renewable energy, with a national goal to increase the share of renewables in its energy mix to 42% by 2030, aiming to realize a sustainable society, particularly through wind and solar projects.

Project Overview

Power Plant Name : Amunet Wind Power Plant
Total Capacity : Approx. 500MW (77 turbines x 6.5 MW each)
Location : Ras Ghaleb region (approx. 240 km southeast of Cairo along the Red Sea)
Ownership : Amunet (60% AMEA, 40% Sumitomo Corporation)
Power Offtaker : Egyptian Electricity Transmission Company
Completion / Commercial Operation Date : May 29, 2025
Contract Period : Approx. 25 years
Financiers : Japan Bank for International Cooperation (JBIC), International Finance Corporation (IFC), Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, Standard Chartered Bank
(The portion financed by private financial institutions will be covered by Overseas Untied Loan Insurance provided by Nippon Export and Investment Insurance (NEXI).)

Future Outlook

As of March 2025, Sumitomo Corporation's Energy Transformation Business Group's share of renewable energy capacity reached approximately 2.2 gigawatts. Leveraging its experience in developing onshore wind projects in countries such as the United States and South Africa, Sumitomo Corporation will continue to expand its wind power business both in Japan and internationally, contributing to global energy transition efforts.

Company Information

Headquarters United Arab Emirates
Established April 2016
Representative Hussain Al Nowais
Business Development of renewable energy projects
Website https://ameapower.com
Headquarters Egypt
Established December 2019
Representative Aqueel Bohra
Business Wind power generation and electricity sales

Related Releases:
Participation in the Onshore Wind IPP Project in Egypt
Sumitomo Corporation Group Establishes Renewable Energy Development Company in the United States
Sumitomo Subsidiary Signs Key Agreements for Dorper Wind Farm Project in South Africa

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Sumitomo Corporation published this content on June 19, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on June 19, 2025 at 02:17 UTC.