The European Bank for Reconstruction and Development (EBRD) has announced an additional equity investment of US$40 million in its longstanding client, Infinity, Egypt’s leading renewable energy developer. This latest investment increases the EBRD’s total equity commitment in the company to US$141.5 million, up from US$101.5 million. The new funding will support Infinity Power, a subsidiary of Infinity, in advancing approximately 3 gigawatts (GW) of renewable energy projects across key African markets.
The follow-on investment underscores the EBRD’s continued commitment to promoting private sector-led renewable energy development across Africa and aligns with its broader strategic objectives of fostering the green transition and supporting sustainable infrastructure growth. Infinity, a trusted EBRD client for several years, plays a central role in driving Egypt’s renewable energy ambitions and expanding clean power generation throughout the continent.
Its subsidiary, Infinity Power—a joint venture between Egypt’s Infinity and Abu Dhabi’s Masdar—manages a growing portfolio of more than 1.3 GW of operational solar and wind power assets across Egypt, South Africa, and Senegal. In addition, the company has an active development pipeline of around 3 GW, reflecting its strong expansion plans in emerging African energy markets. Through its operations, Infinity Power is delivering clean, reliable, and affordable electricity that supports sustainable development, enhances energy access, and accelerates Africa’s transition to low-carbon energy systems.
Mohamed Ismail Mansour, Chairman of Infinity Power, welcomed the renewed support from EBRD, stating, “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, emphasized the significance of this partnership, saying, “We are very pleased to strengthen our partnership with Infinity and support its efforts to deliver large-scale renewable energy projects that will contribute to energy security, decarbonisation, and economic development across the continent. 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. Together, we aim to bring clean, reliable, and affordable energy to fast-growing economies and to drive the continent’s green transformation.”
Egypt has been a founding member of the EBRD since the bank began its operations in the country in 2012. To date, the EBRD has invested more than €13.5 billion in 207 projects across Egypt, supporting initiatives that promote sustainable infrastructure, renewable energy, and private sector growth.
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