Dubai-based renewable energy developer AMEA Power has signed a $75 million equity funding from the Japanese investment holding SoftBank Group Corp, the company announced.
AMEA Power, which invests in wind, solar, energy storage, green hydrogen, and water desalination, has generating capacity in operation and under construction of approximately 1.45 GW. It has a clean energy pipeline of nearly 6GW across 15 countries.
Several international institutional strategic corporate and financial investors are also evaluating a potential investment, the company said.
The company is getting funded by the AlNowais family, the founding shareholders. Hussain Al Nowais, Chairman of AMEA Power, said: “The funds raised will enable us to accelerate our strategic ambitions, materialise further projects in the power, water, and green hydrogen sectors, and to continue to further expand our presence in target markets.”
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.