EBRD invests additional $40 mln in Egypt’s Infinity to boost renewable energy expansion across Africa

Doaa A.Moneim , Monday 10 Nov 2025

The European Bank for Reconstruction and Development (EBRD) announced on Monday an additional $40 million equity investment in Infinity, Egypt’s leading renewable energy developer, raising the Bank’s total equity commitment to $141.5 million.

Infinity Power, a joint venture between Infinity and the UAE’s Masdar, is Africa’s largest renewable energy provider, targeting projects in solar, wind, green hydrogen, battery storage, and transmission grids.

The company aims to reach 10 gigawatts (GW) of operational capacity by 2030, helping to avoid over 3 million tonnes of CO₂ emissions annually through its growing portfolio across the continent.

The new investment will support Infinity Power in delivering around 3 GW of renewable energy capacity across key African markets.

According to the EBRD, the follow-on investment underscores the Bank’s commitment to private sector-led renewable energy growth and aligns with its strategic focus on the green transition and sustainable infrastructure development.

An EBRD client for several years, Infinity operates across Africa through Infinity Power, which currently manages a portfolio exceeding 1.3 GW of operational solar and wind projects in Egypt, South Africa, and Senegal, along with a near-term development pipeline of about 3 GW.

Mohamed Ismail Mansour, Chairman of Infinity Power, said the EBRD’s continued support “underlines our shared vision of a sustainable, fast-growth future for Egypt and Africa,” adding that the partnership is helping to “unlock immense renewable energy potential, create jobs, strengthen energy security, and enable long-term economic growth.”

“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,” said Harry Boyd-Carpenter, Managing Director of the EBRD’s Sustainable Infrastructure Group.

He added that the investment marks “an exciting step in expanding Infinity’s footprint across Africa, where there is tremendous potential to scale up solar and wind generation.”

Egypt, a founding member of the EBRD, has received more than 13.5 billion euros in investments across 207 projects since the Bank began operations in the country in 2012.