Japanese entity SoftBank will become the first external investor in AMEA Power, which was previously funded by AlNowais Investments. AMEA Power, established in 2016, has already completed projects in Africa, the Middle East, and emerging markets, with a generating capacity of 1.45 GW. The UAE firm plans to expand into new markets in the Middle East, CIS, and Southeast Asia. The investment will help accelerate their strategic ambitions and develop projects in the power, water, and green hydrogen sectors.
- Dubai-based AMEA Power secures $75mln from Japan’s SoftBank