The European Bank for Reconstruction and Development (EBRD) has made an additional equity investment of $40 million in Infinity. This new funding increases EBRD’s total equity commitment in the company to $141.5 million, up from the earlier $101.5 million. The capital will be directed towards Infinity Power, a subsidiary of Infinity, to support the development of approximately 3,000 MW of renewable energy projects across several African countries.
Earlier this month, Infinity Power, Hassan Allam Utilities Energy Platform, and Meridiam signed agreements with Egypt’s Ministry of Electricity and Renewable Energy and the Egyptian Electricity Transmission Company to develop two renewable energy projects comprising 1,200 MW of solar capacity and 720 MWh of BESS in Cairo. The projects include a 200 MW solar plant with 120 MWh of BESS in Benban, and a 1,000 MW solar plant with 600 MWh of BESS in Minya.
In September 2025, the EBRD provided a financing package worth $74.1 million for Infinity Power’s 200 MW greenfield wind farm in Ras Ghareb, Egypt. The funding includes an EBRD senior loan of up to $60.7 million, a concessional loan of up to $3.38 million from the Green Climate Fund, and an investment grant of up to $ 10 million.
