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Minus UAE corporate tax, it would have grown by 2.4% to $725m

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Revenues grew by 9 percent to $1.42bn from $1.31bn in 2023.

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AMEA Power awarded two projects

FOR REPRESENTATION PURPOSE ONLY
  • The Moroccan Agency for Sustainable Energy (Masen) and the Ministry of Energy Transition and Sustainable Development announced the award of projects.
  • The sites are located in Taroudant, in the Souss-Massa region, and in El Hajeb, in the Fès-Meknès region.

UAE-based AMEA Power has been awarded two solar power plant projects of 36MW each, following an international tender.

The sites are located respectively in Taroudant, in the Souss-Massa region and in El Hajeb, in the Fès-Meknès region of Morocco.

The Moroccan Agency for Sustainable Energy (Masen) and the Ministry of Energy Transition and Sustainable Development announced the award of the projects.

These solar projects were part of a large international tender launched by Masen and the Ministry of Energy Transition and Sustainable Development in February 2021.

It would help to construct the first phase of the Noor PV II program, a multi-site solar energy program with a total capacity of 330MW.

Such a program intends to supply green and competitive electricity to large industrial companies established in Morocco under the 13-09 legal framework.

AMEA Power is currently producing about 2,000 megawatts (MW) of clean energy through solar and wind energy plants in 15 countries.

It plans to raise its output of clean energy to 5,000 MW within the next three years.