Helmy, Hamza & Partners Advised AMEA Power On Landmark Wind Project In Gulf Of Suez
Helmy, Hamza & Partners Advised AMEA Power On Landmark Wind Project In Gulf Of Suez
Helmy, Hamza & Partners, Baker McKenzie's Cairo office, has successfully advised AMEA Power, one of the region's fastest-growing renewable energy companies, on a landmark 500 MW wind project in the Gulf of Suez. With an estimated investment of US$ 600 million, this project marks a significant milestone in Egypt's commitment to advancing sustainable energy solutions.
The agreements were signed during the inauguration of the Abydos 1 solar power plant in Aswan, a project that AMEA Power was supported on two years ago. This wind project is vital in mitigating the risks associated with climate change and is a crucial part of Egypt's strategy to expand renewable energy sources and reduce power shortages.
By harnessing wind energy, the project promotes environmental sustainability and directly addresses Egypt’s energy challenges. The team at Helmy, Hamza & Partners is proud to have played a role in this transformative initiative and remains committed to supporting projects that foster positive change.
Mohamed Elharmy, Partner at Helmy, Hamza & Partners who led the Baker McKenzie Cairo team on this transaction, said "We are thrilled to have partnered with AMEA Power on this groundbreaking wind project. This project showcases our team's exceptional capabilities in guiding energy transition initiatives. Our expertise in renewable energy projects has been instrumental in navigating the complexities of this landmark venture. By harnessing wind energy, we are contributing to environmental sustainability and addressing Egypt's power challenges. We are proud to support Egypt's ambitious renewable energy goals and demonstrate our commitment to advancing sustainable energy solutions."
Baker McKenzie’s core team on the project included Partner Mohamed Elharmy, Counsel Ghada El Gharib, Senior Associate Ahmed Shehata, Partner Ghada El Ehwany, and Associate Marah Korraa.
