Guarantees to AMEA Power would support up to 23 renewable energy and battery storage projects in countries across Africa, the Middle East, and Central Asia.
Washington, April 9, 2026 - The Multilateral Investment Guarantee Agency (MIGA), home of the World Bank Group Guarantee Platform, has signed a framework agreement with AMEA Power, Ltd. to support a portfolio of guarantees of up to 23 renewable energy and battery storage projects-including onshore wind power plants, solar photovoltaic power plants, and battery energy storage systems-across countries spanning Africa, the Middle East, and Central Asia.
This innovative framework represents a strategic change from traditional project-by-project guarantees to a scalable, portfolio-based approach, enabling accelerated delivery of critical energy infrastructure needed for job creation across multiple high-growth markets.
Under the agreement, MIGA will provide guarantees of up to $1.48 billion to AMEA Power, supporting approximately $1.65 billion of equity, quasi-equity, and shareholder loan investments across AMEA Power's portfolio. By aggregating multiple countries and technologies under a single framework, the structure enhances diversification and reduces execution timelines by streamlining underwriting and approval processes. It also allows AMEA Power to deploy capital more efficiently and scale investments in markets where risk mitigation is critical to unlocking private sector participation.
As a result, MIGA's total guarantee amount issued since its establishment in 1988 now exceeds $100 billion, underscoring the institution's ongoing mission to support economic growth and job creation, reduce poverty, and improve people's lives by mobilizing cross-border private investment into developing countries.
"With this portfolio, MIGA's lifetime issuance now exceeds $100 billion, a milestone achievement for the agency," said Tsutomu Yamamoto, MIGA Managing Director. "We're proud of the work MIGA has done over nearly four decades, and we will continue our efforts to support the World Bank Group's mission."
The transaction will be implemented in two phases. Phase 1 includes Côte d'Ivoire, Djibouti, Egypt, Jordan, South Africa, Togo, Uganda, and Uzbekistan, with additional countries expected to be added during Phase 2. More than 17,000 direct jobs will be created during the construction phase.
Each project will benefit from up to 15 years of coverage against political risks, including currency inconvertibility and transfer restriction, expropriation, war and civil disturbance, and breach of contract. The first individual guarantees signed under the framework include two projects in Egypt, representing over $150 million of equity and quasi-equity investments covered, with additional projects expected to follow.
The guarantees provided for AMEA Power are an example of MIGA's evolving portfolio approach - streamlining risk insurance by grouping multiple projects under a single framework structure that can accelerate investments into developing markets. The guarantees benefit from support by the International Development Association's Private Sector Window, reinforcing the role of blended finance in mobilizing private capital into IDA and frontier markets.
Under Phase 1, the portfolio is expected to deliver approximately 2,766 MW of generation capacity and 2,729 MWh of storage, supplying clean energy to these countries at a significant scale, introducing grid-scale storage for the first time in several countries. These investments will enhance energy security, improve grid stability, and support the integration of renewable energy at scale. The AMEA Power framework aligns with the World Bank Group's Mission 300, an initiative to connect 300 million people in Sub-Saharan Africa to electricity by 2030 and reflects AMEA Power's commitment to sustainable development, including the implementation of a Gender Action Plan aligned with the WBG Gender Strategy 2024-2030.
"This framework agreement marks a significant step for AMEA Power in scaling our portfolio-based investment strategy across high-growth markets. By partnering with MIGA, we are able to deploy capital efficiently, mitigate sovereign and political risks, and accelerate the delivery of critical energy infrastructure at scale. Importantly, the framework agreement creates a compelling proposition for our new investors by combining scale, diversification, and robust risk mitigation, ultimately enhancing visibility on returns and capital protection. This platform strengthens our ability to invest with confidence across multiple jurisdictions and reinforces our long-term commitment to supporting energy security and sustainable economic growth in emerging markets," said Hussain Al Nowais, Chairman of AMEA Power.
Energy sectors in several African, Middle Eastern, and Asian countries are confronted with structural challenges, including rapidly increasing electricity demand and high exposure to global commodity price volatility. These factors impose fiscal pressures, undermine energy security, and constrain sustainable economic growth.
About AMEA Power
Headquartered in Dubai, AMEA Power is a developer, investor, owner and operator of renewable energy projects. As one of the fastest-growing renewable energy companies in the region, AMEA Power has assembled a world-class team of industry experts to deliver projects across Africa, the Middle East, and Asia. With projects in more than 20 countries, more than 3GW in operation and under/near construction and a project pipeline of more than 6GW, the company continues to expand rapidly its investments in wind, solar and energy storage and water desalination, demonstrating its long-term commitment to the global energy transition.
About the World Bank Group Guarantee Platform
Initiated in 2024, the World Bank Group Guarantee Platform consolidates guarantee products and experts from across the World Bank Group at MIGA. It provides a simplified and comprehensive menu of guarantee solutions, enabling clients to select the instrument that best suits their needs. The platform streamlines processes, removes redundancies, and provides greater accessibility by de-risking investments in developing countries. Its goal is to boost the World Bank Group's annual guarantee issuance to $20 billion by 2030.
