Infinity Power Finalizes Acquisition of Lekela Power in Africa’s Biggest Renewable Energy Deal
Infinity Power has acquired 100% shareholding of Lekela Power, an Africa based wind power platform. Infinity Power, a joint venture between Egypt’s Infinity and UAE’s Masdar, announced today it has completed the acquisition of the entire shareholding of Lekela Power. The transaction makes Infinity Power the largest renewable energy company on the African continent. Infinity’s key stakeholders include Africa […]
Masdar Joint Venture Powers COP27 with Zero-Carbon Energy
• Infinity Power, joint venture between Masdar and Egypt’s Infinity, providing renewable energy for global UN gathering in Sharm El-Sheikh. • JV is operating 6 megawatts-peak (MWp) solar photovoltaic (PV) plant, providing enough electricity to power more than 5,000 homes a year while cutting CO2 emissions by over 4,000 tonnes.• Infinity Power is Principal Partner for COP27. Infinity Power Holding, […]
Masdar signs landmark agreements to develop 4 GW green hydrogen plants in Egypt by 2030
• Masdar and Hassan Allam Utilities sign Memorandums of Understanding with entities including The General Authority for Suez Canal Economic Zone, New and Renewable Energy Authority, the Egyptian Electricity Transmission Company and The Sovereign Fund of Egypt • Masdar and Hassan Allam Utilities will set up a strategic platform that aspires to take a leading role […]
German ib vogt sells its share in 64.1 MW Benban solar plant to Masdar
Ib Vogt sells one of its Benban plants to Masdar, looks to offload three more: Germany solar company Ib Vogt has sold its entire share in its 64.1 MWp PV plant in the Benban solar park to Abu Dhabi-based renewable energy company Masdar, it said in a statement. The company did not disclose the value […]
Infinity, Masdar to invest $750 million in clean energy in Egypt and Africa
Infinity Energy and the UAE’s Masdar are planning to invest USD 750 million in clean and renewable energy in Egypt and other African markets through their new joint venture, Infinity Power, Al Mal reports, citing sources in the know. Infinity Power, which was set up as an equal partnership in January, aims to acquire assets […]
This is age of renewables in Egypt, regional industry bosses say
As private investment in renewable energy grows globally, Egypt is uniquely positioned as one of the brightest markets (pun only partially intended). That’s the impression given by regional market leaders in a joint interview with Bloomberg Businessweek. On the state of the market: Economic expansion driven by the government’s reforms has provided the impetus for […]
Masdar plans to invest in 500 MW of solar power generation in Egypt
A week after its wind announcement, Masdar says it plans to invest in up to 500 MW of solar power generation capacity in Egypt. UAE’s Masdar presented the New and Renewable Energy Authority (NREA) with plans to develop solar power plants with a combined capacity of 500 MW, authority sources told Al Mal. The plants […]
Masdar eyes investment opportunities in Egypt's wind energy sector
UAE clean energy firm Masdar is eyeing opportunities in “the burgeoning Egyptian wind sector,” CEO Mohamed Al Ramahi tells the National in an exclusive. The company is looking at a collaboration between Egyptian companies and Japan’s Marubeni to develop about 800 MW of wind projects across the country. “Basically we will put our portfolio together […]
