World Bank's MIGA Reaches $100 Billion in Guarantees

Innovative portfolio-based approach supports renewable energy and battery storage projects across Africa, Middle East, and Central Asia

Apr. 10, 2026 at 1:28am

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A minimalist, photorealistic studio still life featuring polished metal, glass, and black geometric shapes arranged elegantly on a clean white background, conceptually representing global investment, clean energy infrastructure, and political risk mitigation.MIGA's $100 billion in guarantees unlock private investment for renewable energy projects across emerging markets.Washington Today

The Multilateral Investment Guarantee Agency (MIGA), part of the World Bank Group, has signed a framework agreement with AMEA Power to provide up to $1.48 billion in guarantees for a portfolio of 23 renewable energy and battery storage projects across multiple countries. This milestone pushes MIGA's total guarantees issued since 1988 past the $100 billion mark, underscoring the agency's mission to mobilize private investment into developing markets.

Why it matters

The innovative portfolio-based approach allows MIGA to streamline the underwriting and approval process, enabling accelerated delivery of critical energy infrastructure needed for job creation and sustainable economic growth in high-growth emerging markets. The guarantees will help unlock private sector participation in sectors facing structural challenges like rapidly increasing electricity demand and global commodity price volatility.

The details

Under the agreement, MIGA will provide guarantees to support approximately $1.65 billion in equity, quasi-equity, and shareholder loan investments for AMEA Power's portfolio of onshore wind, solar PV, and battery storage projects. The first phase includes projects in Côte d'Ivoire, Djibouti, Egypt, Jordan, South Africa, Togo, Uganda, and Uzbekistan, with more countries expected to be added later. The guarantees will cover political risks like currency inconvertibility, expropriation, war, and breach of contract.

  • MIGA has signed the framework agreement with AMEA Power in April 2026.
  • The first individual guarantees under the framework have been signed for two projects in Egypt, representing over $150 million in covered investments.
  • Phase 1 of the portfolio is expected to deliver approximately 2,766 MW of generation capacity and 2,729 MWh of storage.

The players

Multilateral Investment Guarantee Agency (MIGA)

MIGA is part of the World Bank Group and provides political risk insurance and credit enhancement guarantees to support cross-border private investment in developing countries.

AMEA Power

AMEA Power is a developer, investor, owner and operator of renewable energy projects, headquartered in Dubai. The company has a portfolio of over 3GW in operation and under/near construction, with a pipeline of more than 6GW.

Tsutomu Yamamoto

MIGA Managing Director

Hussain Al Nowais

Chairman of AMEA Power

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What they’re saying

“With this portfolio, MIGA's lifetime issuance now exceeds $100 billion, a milestone achievement for the agency. 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.”

— Tsutomu Yamamoto, MIGA Managing Director

“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.”

— Hussain Al Nowais, Chairman of AMEA Power

What’s next

MIGA and AMEA Power are expected to add more countries to the portfolio in Phase 2 of the agreement, further expanding the reach of the guarantees.

The takeaway

This landmark $100 billion milestone for MIGA's guarantees demonstrates the World Bank Group's ability to mobilize private capital into developing markets through innovative risk mitigation solutions. The portfolio-based approach with AMEA Power will help accelerate critical renewable energy and storage projects that enhance energy security and support sustainable economic growth across Africa, the Middle East, and Central Asia.