EBRD invests further $40M in Infinity to expand renewable energy projects

Updated 11/11/2025 8:54:00 AM

Arab Finance: The European Bank for Reconstruction and Development (EBRD) has unveiled an additional equity investment of $40 million in Egypt’s Infinity, as per a press release.

This brings the bank’s total equity commitment to $141.5 million from $101.5 million.

Infinity Power, Infinity’s subsidiary, will leverage the new capital to deliver around 3 gigawatts (GW) of renewable energy capacity across key African markets.

This investment reflects the EBRD’s continued support for private sector-led renewable energy development in Africa. It also aligns with its strategic priorities of promoting green transition and boosting sustainable infrastructure.

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.”

Harry Boyd-Carpenter, Managing Director of the EBRD’s Sustainable Infrastructure Group, commented: “Beyond Egypt, this new investment marks an exciting step in expanding Infinity’s footprint across Africa, where we see tremendous potential to scale up solar and wind generation.”

Infinity operates across Africa through its subsidiary Infinity Power, a joint venture (JV) with Abu Dhabi’s Masdar. Its portfolio exceeds 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.

Since its operations began in Egypt in 2012, the EBRD has invested over €13.5 billion in 207 projects.