Infinity Power plans to invest USD 10.5 bn in Egypt by 2030

Big investments queued up from Infinity Power: Our friends at Infinity Power are planning to invest USD 10.5 bn in Egypt over the next five years, CEO Mohamed Mansour told Shorouk News on Saturday. The company plans to finance 30% of the new investments through internal resources, with the remaining 70% sourced from bank loans, Mansour added.

Wind and solar is the name of the game: The lion’s share of the planned new investments will go towards wind and solar, with USD 10 bn of the total amount set aside for new investments in renewables.

EV charging is also a priority: Infinity plans to invest USD 500 mn in its electric vehicle charging infrastructure in Egypt over the next five years. As a first step, Infinity will increase the number of charging points from 650 to 1k by the end of the year, serving 10k EVs.