(Información remitida por la empresa firmante)
Africa’s installed renewable capacity is set to grow from 54 GW in 2020 to more than 530 GW by 2040, according to the International Renewable Energy Agency (IRENA), with solar PV soaring to 340 GW, and wind rising to 90 GW. Increasing renewable energy resources will also drive energy access, with almost half of Africa’s population still without access to electricity. Cantor Fitzgerald, Absa CIB, Norton Rose Fulbright, Al Kamel Law, Ernst & Young and AFRY advised Infinity Power on the transaction. Absa CIB and MCB acted as the Mandated Lead Arrangers on the acquisition financing facilities.
About Infinity Power
Infinity Power Holding B.V is a joint venture between Egypt’s Infinity and Masdar (Abu Dhabi Future Energy Company) to target power generation projects through renewable energy sources, namely solar and wind technologies on the utility-scale, as well as commercial and industrial scale in Africa. Infinity Power brings together both companies’ strong track record of developing and operating renewable energy assets.
With current projects located in Egypt, South Africa, Senegal and Ghana, Infinity Power aims to expand its operations in markets across all 54 African countries, providing electricity to all locations in Africa, which are in most need of power.
Infinity Power’s total capacity of operational projects is 1.3 GW, which equates to a reduction of more than 3 million tons of CO2 emissions per year using conventional power generation. The company also has 13.8 GW of projects in the pipeline at different stages of development.
For more information please visit our website and connect with us on social media:
Infinity Power
Website: www.weareiph.com
Facebook:https://www.facebook.com/InfinityPowerHolding/
LinkedIn: https://www.linkedin.com/company/infinity-power/
Infinity
Website: www.weareinfinity.com
Facebook:https://www.facebook.com/InfinityRenewableEnergy
LinkedIn: https://www.linkedin.com/company/infinityrenewables/
This material is distributed by Daniel J. Edelman, Inc. on behalf of Masdar. Additional information is available at the Department of Justice, Washington, DC.
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