AMEA Power has successfully secured a $75 million equity funding round with support from SoftBank Group Corp (SBG), a Japanese investment holding company.
This strategic partnership provides a significant financial boost for the company’s sustainable mission.
Additionally, it marks the inclusion of SBG in the AMEA Power Board. In an official statement shared, the company stated,
“We are thrilled to announce that AMEA Power, at the forefront of renewable energy, has successfully secured a $75 million equity funding round with support from Softbank Group.
“This historical partnership not only fuels our sustainable mission but also welcomes SBG to the AMEA Power Board.
“Exciting times lie ahead as global investors explore potential collaborations following SBG’s visionary investment. Together, we’re shaping a brighter, cleaner future.”
This development signifies a significant step forward for AMEA Power, SoftBank Group, and the renewable energy industry as a whole.
It also paves the way for increased collaboration and innovation towards a cleaner and more sustainable future.
Elevating Global Interest
After the successful investment from SoftBank Group (SBG), it is attracting interest from various international institutional, strategic, corporate, and financial investors who are evaluating potential investments.
Citigroup Global Markets Limited also played a crucial role as the Financial Advisor to AMEA Power in this investment round.
The power company has its headquarters in Dubai, and distinguishes itself as a developer and operator of renewable energy projects.
As one of the fastest-growing renewable energy companies in the region, AMEA is actively expanding its investments in wind, solar, energy storage, and green hydrogen.
This demonstrates a steadfast commitment to contributing to the global energy transition.
The company also brings together a world-class team of industry experts dedicated to delivering projects across Africa, the Middle East, and other emerging markets.
This expansion and interest from diverse investors underscore the company’s role in advancing renewable energy initiatives on a global scale.