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

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.