Company profile
Nefer Menya for Renewable Energy S.A.E.
Nefer Menya for Renewable Energy S.A.E. is an Egypt-registered project company that is building a 1,000 MWac solar photovoltaic plant with a 600 MWh battery energy storage system in West Minya, Minya Governorate. The site covers about 20 square kilometres of desert in the West Nile area, on land leased from Egypt's New and Renewable Energy Authority. Sponsors describe the plant as 1.2 GWp, with batteries designed to shift daytime output into the evening peak for about two hours. Nefer Menya will sell electricity to the Egyptian Electricity Transmission Company under a 25-year power purchase agreement. Egypt's cabinet granted the project a golden licence in August 2026, and the Official Gazette decision requires completion by 30 September 2027. A 50:50 joint venture of Hassan Allam Construction and Sterling and Wilson Renewable Energy holds the engineering, procurement and construction contract, and AIKO received a letter of award in June 2026 to supply the modules.
- Sector
- Energy and power / Energy Storage (Battery), Independent Power Producers, Utility-Scale Solar
- Markets
- Egypt
- Ownership
- Private
- Capital raised
- $315m
- Business model
- B2G Transactional
Products and services
Solar Power Generation (1,000 MWac / 1.2 GWp plant) & Battery Energy Storage (600 MWh system shifting daytime output to the evening peak)
Transactions
| Date | Transaction | Type | Value | Market |
|---|---|---|---|---|
| 18 May 2026 | FMO invests USD 50 million in Nefer Menya, a 1.2 GW solar power plant in Egypt | Private Credit | $50m | Egypt |
Source: Partner Researchers.