The European Bank for Reconstruction and Development (EBRD) has announced an additional equity investment of US$ 40 million in longstanding client Infinity, Egypt’s leading developer of renewable energy. This brings the Bank’s total equity commitment to US$ 141.5 million, up from US$ 101.5 million. The new capital will support Infinity Power, Infinity’s subsidiary, in delivering approximately 3 gigawatts (GW) of renewable energy capacity across key African markets. This follow-on investment reflects the EBRD’s continued support for private sector-led renewable energy development in Africa and aligns with its strategic priorities of promoting green transition and sustainable infrastructure. An EBRD client for many years, Infinity is Egypt’s leading renewable energy developer, operating across Africa through its subsidiary Infinity Power.

Infinity Power, a joint venture between Egypt’s Infinity and Abu Dhabi’s Masdar, has a portfolio of more than 1.3 GW of operational solar and wind projects across Egypt, South Africa and Senegal, and a near-term development pipeline of around 3 GW. Through its expanding footprint, Infinity Power continues to provide clean, reliable and affordable energy that drives growth, enhances energy access and advances the African continent’s green transition. Mohamed Ismail Mansour, Chairman of Infinity Power, said: “This continued support from the EBRD underlines our shared vision of a sustainable, fast-growth future for Egypt and Africa. Together, we are helping to unlock immense renewable energy potential – delivering projects that create jobs, strengthen energy security and enable long-term economic growth.”