European Bank For Reconstruction and Development completed the $40m investment in Infinity.

European Bank For Reconstruction and Development, a multilateral development finance institution, completed the $40m investment in Infinity, a renewable energy developer. “We are very pleased to strengthen our partnership with Infinity and support its efforts to deliver large-scale renewable energy projects that will contribute to energy security, decarbonisation and economic development across the continent. Beyond Egypt, this new investment marks an exciting step in expanding Infinity’s footprint across Africa, where we see tremendous potential to scale up solar and wind generation. Together, we aim to bring clean, reliable and affordable energy to fast-growing economies and to drive the continent’s green transformation,” Harry Boyd-Carpenter, European Bank For Reconstruction and Development Managing Director of Sustainable Infrastructure Group.