SUBSCRIBE
PROFILE

EBRD injects $40mn into Infinity Power to accelerate African expansion

The European Bank for Reconstruction and Development strengthens its commitment to renewables in Africa by supporting Infinity Power’s solar and wind expansion beyond Egypt.

Share:

Comprehensive energy news coverage, updated nonstop

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access • Archives included • Professional invoice

SUBSCRIBE - 99$/year

OTHER ACCESS OPTIONS

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

FREE ACCOUNT

3 articles offered per month

FREE

*Prices are excluding VAT, which may vary depending on your location or professional status

Since 2021: 35,000 articles • 150+ analyses per week

The European Bank for Reconstruction and Development (EBRD) has announced a new $40mn equity investment in Infinity Power, raising its total commitment to $141.5mn. The funding aims to support the developer’s solar and wind expansion across multiple African markets amid growing electricity deficits across the continent.

Infinity Power is a joint venture between Egypt’s Infinity and the United Arab Emirates’ Masdar, a state-owned company focused on low-carbon projects. The EBRD’s investment is part of a broader strategy to support sustainable infrastructure in a region where electricity demand is rising faster than supply.

A rapidly growing project pipeline

Infinity Power recently signed an agreement with Hassan Allam Utilities and the Egyptian government to develop 1,200 megawatts (MW) of solar projects with storage. The announcement follows the financial close of its 200 MW wind project in Ras Ghareb. These developments are part of a wider strategic expansion across the continent, including projects in South Africa and Sierra Leone.

In December 2024, the company secured 1,280 MW of solar projects under South Africa’s seventh Renewable Energy Independent Power Producer Procurement Programme (REIPPPP). That same year, it signed a memorandum of understanding with the government of Sierra Leone to develop 1,000 MW of renewable energy projects by 2033.

Continued financial backing from the EBRD

Since 2012, the EBRD has invested over €13.5bn ($15.6bn) in 207 projects in Egypt, including several in the energy sector. The renewed support for Infinity Power reflects a strategy to expand decarbonised electricity generation in Africa while backing developers capable of managing cross-border portfolios.

Infinity Power currently operates more than 1.3 gigawatts (GW) of solar and wind capacity and holds a development pipeline of around 3 GW. The capital from the EBRD is expected to accelerate the execution of ongoing projects while ensuring continued expansion in sub-Saharan markets.

Mohamed Ismail Mansour, Chairman of Infinity Power, welcomed the new funding round as validation of the firm’s strategy, stating that Africa remains a priority growth zone.

  • Popular on energynews.pro
EDF power solutions launches hydrogen pilot plant in Macaé to strengthen assets in Brazil
Germany grants $24.3 million to Nigeria to accelerate its energy transition
Tata Power to produce 10 GW of wafers to dominate India’s solar upstream
TotalEnergies, QatarEnergy and Petronas receive exploration licence offshore Guyana
CSV commissions Albright plant, expanding sour gas processing deployment in Canada
Beijing opens major energy projects to private capital to revive investment
Chinese authorities authorise increased private sector participation in strategic energy projects, including nuclear, hydropower and transmission networks, in an effort to revitalise slowing domestic investment.
South Africa reforms its rules to accelerate electricity transmission projects
A new regulatory framework comes into effect to structure the planning, procurement and management of electricity transmission infrastructure, aiming to increase grid reliability and attract private investment.
L’Union africaine réclame une réforme des règles de financement climatique avant la COP30
À l’approche de la COP30, l’Union africaine demande une refonte des mécanismes de financement climatique pour garantir des ressources stables et équitables en faveur de l’adaptation des pays les plus vulnérables.
Global energy efficiency slows to 1.8% in 2025, far from COP28 target
Global energy efficiency progress remains below the commitments made in Dubai, hindered by industrial demand and public policies that lag behind technological innovation.
Global renewable capacity to reach 793 GW in 2025 despite limited political ambitions
Global solar and wind additions will hit a new record in 2025, but the lack of ambitious national targets creates uncertainty around achieving a tripling by 2030.
South Korea under industrial pressure over emissions targets deemed unrealistic
South Korean refiners warn of excessive emissions targets as government considers cuts of up to 60% from 2018 levels.
Lula defends funding energy transition through oil revenues
Ahead of COP30 in Belém, Brazilian President Luiz Inacio Lula da Silva adopts a controversial stance by proposing to finance the energy transition with proceeds from offshore oil exploration near the Amazon.
China could reach its CO2 emissions peak around 2028, experts say
An international group of researchers now forecasts a Chinese emissions peak by 2028, despite recent signs of decline, increasing uncertainty over the country’s energy transition pace.
Electricity price surge in Syria deepens social and economic crisis
The end of subsidies and a dramatic rise in electricity prices in Syria are worsening poverty and fuelling public discontent, as the country begins reconstruction after more than a decade of war.
Global warming heads toward 2.5°C despite commitments
Current emission trajectories put the planet on course for a 2.3°C to 2.5°C rise, according to the latest UN calculations, just days before the COP30 in Belem.
Australia to Offer Three Hours of Free Electricity Per Day Starting in 2026
The Australian government plans to introduce a free solar electricity offer in several regions starting in July 2026, to optimize the management of the electricity grid during peak production periods.
India reforms renewable energy market to ensure integration and reliability
India is implementing new reforms to effectively integrate renewable energy into the national grid, with a focus on storage projects and improved contracting.
China shifts to ‘High-quality’ renewable growth with new pricing mechanism following 264 GW boom in H1 2025
China added a record 264 GW of wind and solar capacity in the first half of 2025, but the introduction of a new competitive pricing mechanism for future projects may put pressure on prices and affect developer profitability.
The French State activates the IEF control on Exaion’s sale to American Mara
The government confirmed that the majority sale of Exaion by EDF to Mara will be subject to the foreign investment control procedure, with a response expected by the end of December.
Brazil Reduces Emissions by 16.7% in 2024 Ahead of COP30
A week before COP30, Brazil announces an unprecedented drop in greenhouse gas emissions, driven mainly by reduced deforestation, with uneven sectorial dynamics, amid controversial offshore oil exploration.
Angola connects 20,000 households to electricity as part of Catabola project
The Catabola electrification project, delivered by Mitrelli, marks the first connection to the national grid for several communities in Bié Province.
Algeria to launch SCADA system modernisation of national power grid in 2026
The Algerian government plans a full upgrade of the SCADA system, managed by Sonelgaz, to improve control and supervision of the national electricity grid starting in 2026.
SEEG launches emergency plan to curb energy fraud in Gabon
Facing annual losses estimated at up to $66mn, SEEG is intensifying field inspections and preparing the rollout of smart meters to combat illegal connections.
United Kingdom stays on course for 2030 despite political divisions
The British government confirms its ambition to decarbonise the power sector by 2030, despite political criticism and concerns over consumer energy costs.
Enedis commits €250mn to upgrade Marseille’s electricity network
Enedis plans a €250mn ($264mn) investment to strengthen Marseille’s electricity grid by 2030, including the full removal of paper-insulated cables and support for the port’s electrification.

All the latest energy news, all the time

Annual subscription

8.25$/month*

*billed annually at 99$/year for the first year then 149,00$/year ​

Unlimited access - Archives included - Pro invoice

START - 99$/year

Monthly subscription

Unlimited access • Archives included

5.2$/month*
then 14.90$ per month thereafter

*Prices shown are exclusive of VAT, which may vary according to your location or professional status.

Since 2021: 30,000 articles - +150 analyses/week.