- The European Bank for Reconstruction and Development (EBRD) has announced an additional equity investment of US$40 million in Egypt’s leading renewable energy developer, Infinity, raising its total commitment to US$141.5 million from US$101.5 million.
- The new funding will support Infinity Power, Infinity’s subsidiary, in delivering approximately 3 gigawatts of renewable energy capacity across key African markets.
The follow-on investment highlights the EBRD’s ongoing support for private sector-led renewable energy development in Africa and aligns with the bank’s strategic priorities of promoting a green transition and sustainable infrastructure. Infinity, a longstanding EBRD client, operates across Africa through Infinity Power, a joint venture with Abu Dhabi’s Masdar. The subsidiary currently manages more than 1.3 gigawatts of operational solar and wind projects in Egypt, South Africa, and Senegal, with a near-term development pipeline of around 3 gigawatts.
Mohamed Ismail Mansour, Chairman of Infinity Power, said the additional investment underscores a shared vision for a sustainable and fast-growing future in Egypt and across Africa, enabling projects that generate jobs, strengthen energy security, and support long-term economic growth. Harry Boyd-Carpenter, Managing Director of the EBRD’s Sustainable Infrastructure Group, added that the investment strengthens the partnership with Infinity and expands its footprint across Africa, helping to deliver clean, reliable, and affordable energy to fast-growing economies while driving the continent’s green transformation.
Egypt, a founding member of the EBRD, has seen the bank invest more than €13.5 billion in 207 projects since the start of its operations in the country in 2012.
Author: Bryan Groenendaal
