The European Bank for Reconstruction and Development (EBRD) has injected an additional $40 million into Infinity, Egypt’s leading renewable energy developer, bringing its total equity commitment to $141.5 million.
Infinity Power, a joint venture between Infinity and the UAE’s Masdar, ranks as Africa’s largest renewable energy provider. The company focuses on solar, wind, green hydrogen, battery storage, and transmission grid projects across the continent.
The company plans to reach 10 gigawatts of operational capacity by 2030, which would prevent over 3 million tonnes of CO₂ emissions annually through its expanding African portfolio.
The new investment will help Infinity Power deliver approximately 3 gigawatts of renewable energy capacity across key African markets.
The EBRD stated that this follow-on investment demonstrates its commitment to private sector-led renewable energy growth and aligns with its focus on green transitions and sustainable infrastructure development in Africa.
Infinity, a longstanding EBRD client, operates across Africa through Infinity Power, managing over 1.3 gigawatts of operational solar and wind projects in Egypt, South Africa, and Senegal, alongside a near-term development pipeline of about 3 gigawatts.
Mohamed Ismail Mansour, Chairman of Infinity Power, said the EBRD’s continued support highlights their shared vision for a sustainable, fast-growing future across Africa. He added that the partnership helps unlock renewable energy potential, create jobs, strengthen energy security, and promote long-term economic growth.
Harry Boyd-Carpenter, Managing Director of the EBRD’s Sustainable Infrastructure Group, said the Bank is pleased to strengthen its partnership with Infinity and support large-scale renewable energy projects that enhance energy security, decarbonisation, and economic development across Africa.
He emphasized that the investment represents a major step in expanding Infinity’s presence across Africa, where solar and wind generation potential remains immense.
Since Egypt joined the EBRD as a founding member, the Bank has invested over 13.5 billion euros in 207 projects across the country, helping advance Africa’s renewable energy and sustainable infrastructure goals.
source: english.ahram.org.eg
African Energy Council