EBRD invests US $40 million in Infinity to accelerate renewable energy growth across Africa
Egypt, Nov. 10 -- The European Bank for Reconstruction and Development (EBRD) has announced an additional equity investment of US$ 40 million in longstanding client Infinity,?Egypt's leading developer of renewable energy. This brings the Bank's total equity commitment to US$ 141.5 million, up from US$ 101.5 million. The new capital will support Infinity Power, Infinity's subsidiary, in delivering approximately 3 gigawatts (GW) of renewable energy capacity across key African markets.This follow-on investment reflects the EBRD's continued support for private sector-led renewable energy development in Africa and aligns with its strategic priorities of promoting green transition and sustainable infrastructure.An EBRD client for many years, Infi...
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