Egypt firm, Masdar set up renewable energy JV

Masdar, one of the world’s leading renewable energy companies, and Infinity Energy, Egypt’s leading renewable energy developer, have agreed to establish a joint venture company, Infinity Power, to develop utility-scale and distributed solar energy and wind power projects in Egypt and Africa.

 

The agreement was signed at Abu Dhabi Sustainability Week (ADSW) by Masdar CEO Mohamed Jameel Al Ramahi, Infinity Energy Managing Director and Co-founder Mohamed Elamin Ismail Mansour, and Infinity Energy CEO Nayer Fouad.

 

"Egypt has demonstrated its commitment to clean energy with the recent inauguration of the world’s largest solar park at Benban and we are proud to support its government to continue to advance the country’s renewable energy programme," said Al Ramahi. "The establishment of Infinity Power will bolster the progress Egypt has made in renewable energy and catalyse further development in the region. We look forward to working with Infinity Energy to unlock opportunities to further Egypt’s renewable energy goals and extend energy access to those areas of Africa that are under-powered."