Renewable Energy Company, Infinity Power Sets Target of 10GW by 2030
Infinity Power, a joint venture between Egypt’s Infinity and UAE’s Masdar, has become the world’s fastest growing renewable energy company, targeting 10GW of operational renewable energy by 2030, which will equate to US$5 billion investment.
This follows the acquisition and integration of Lekela Power and significant additions to its pipeline.
Infinity Power is Africa’s largest pureplay renewable energy company and has an operational capacity of more than 1.3GW including solar PV and wind farms across Egypt, South Africa and Senegal, which equates to a reduction of almost 3 million tonnes of carbon dioxide emissions per year in comparison to conventional power generation.
Achieving 10GW operational capacity will have the capability to provide electricity to 12 million homes across the African continent by the end of this decade and would contribute a further reduction of approximately 15 to 20 million tonnes of carbon dioxide emissions per year.
Infinity Power aims to operate across all corners of Africa within the next ten years, including transformational projects such as one of the world’s largest onshore wind farms in Egypt alongside consortium partners Hassan Allam Utilities and Masdar (Abu Dhabi Future Energy company), green hydrogen development in Mauritania with German developer Conjuncta, and solar PV projects in Egypt and South Africa.
Mohamed Ismail Mansour, Chairman of Infinity Power said: “Infinity Power is rapidly evolving as the leader in pureplay renewables in Africa, supporting our mission to deliver sustainable energy solutions that power economic growth, social development and environmental protection.
"Our projects already power millions of homes and recent strategic additions to our portfolio will enable us to make significant progress towards providing clean, reliable and affordable energy supply to many more people across Africa.”