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Infinity Power gets USD 40m from EBRD for African expansion
The European Bank for Reconstruction and Development (EBRD) has pledged an additional equity investment of USD 40 million (EUR 34.5m) to Egypt’s Infinity to support its subsidiary Infinity Power in delivering around 3 GW of solar and wind projects across key African markets. The move brings the European lender’s total equity commitment to Infinity to USD 141.5 million