News
15 October 2019
EBRD considers $60m investment in Infinity Energy
In:
Renewable energy
Region:
Middle East & Africa
The European Bank of Reconstruction and Development is considering investing $60 million in renewables developer Infinity Energy, a subsidiary of Egyptian conglomerate Mansour Group.
The funds will go towards the construction and operation of solar PV and onshore wind projects, electricity distribution infrastructure and electric vehicle charging systems in the developer’s native Egypt, as well as in Jordan, Morocco, Lebanon and Tunisia.
The EBRD’s plans are not yet finalised and are contingent on a final review, according to planning documents published on its website. The initiative is in line with the development financier's broader efforts to help diversify and privatise the Arab state’s electricity sector.
