EBRD Backs Infinity project with $40M Equity

Key Figures & Findings: The European Bank for Reconstruction and Development (EBRD) has  invested new equity in Egyptian renewable energy developer Infinity. This investment raised 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 (a joint venture with Abu Dhabi’s Masdar), in delivering a major expansion of renewable energy capacity across African markets.

 Statistics & Insights:

• New Equity Investment: US$40 million (inferred from US$141.5mln minus US$101.5mln).

• Total EBRD Equity Commitment: US$141.5 million.

• Target Capacity: The funding will support the delivery of approximately 3 GW of new renewable energy capacity.

Future Implications: If executed on schedule, the new capital could accelerate utility-scale deployments in North, West and Southern Africa, expand cross-border clean-power capacity, and enhance Egypt’s role as a renewable energy exporter. It may also attract additional institutional investors seeking large, de-risked African clean-energy pipelines.

Source: IOM3

Quick Take: EBRD fuels Infinity’s next 3GW leap 🌞🚀