{"id":85216,"date":"2024-07-08T00:00:00","date_gmt":"2024-07-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/infinity-power-plans-to-invest-usd-10-5-bn-in-egypt-by-2030\/"},"modified":"2024-07-08T00:00:00","modified_gmt":"2024-07-08T00:00:00","slug":"infinity-power-plans-to-invest-usd-10-5-bn-in-egypt-by-2030","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/infinity-power-plans-to-invest-usd-10-5-bn-in-egypt-by-2030\/","title":{"rendered":"Infinity Power plans to invest USD 10.5 bn in Egypt by 2030"},"content":{"rendered":"

Big investments queued up from Infinity Power: <\/strong>Our friends at Infinity Power are planning to invest USD 10.5 bn in Egypt over the next five years, CEO Mohamed Mansour told <\/span>Shorouk News<\/a> on Saturday. The company plans to finance 30% of the new investments through internal resources, with the remaining 70% sourced from bank loans, Mansour added.<\/span><\/p>\n

Wind and solar is the name of the game: <\/strong>The lion\u2019s share of the planned new investments will go towards wind and solar, with USD 10 bn of the total amount set aside for new investments in renewables.<\/span><\/p>\n

EV charging is also a priority: <\/strong>Infinity plans to invest USD 500 mn in its electric vehicle charging infrastructure in Egypt over the next five years. As a first step, Infinity will increase the number of charging points from 650 to 1k by the end of the year, serving 10k EVs.<\/p>\n","protected":false},"excerpt":{"rendered":"

Solar, wind, and EVs will each get a share of the USD 10.5 bn investment<\/p>\n","protected":false},"author":1,"featured_media":85217,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152],"tags":[40,11,64,360,151,42,46],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-85216","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-egypt","tag-enterpriseclimate","tag-evs","tag-infinity","tag-investment-watch","tag-solar-energy","tag-wind-energy","wpautop","entry"],"acf":{"mongo_id":"2b5fcc89-9cd5-417c-bf12-4ef0de4b4d7e","order":"4","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2595.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Infinity Power plans to invest USD 10.5 bn in Egypt by 2030","related_issue":[85209],"teaser":"Solar, wind, and EVs will each get a share of the USD 10.5 bn investment","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.538dce68-35fc-4a43-bc20-d204f135c461.mp3"},"yoast_head":"\nInfinity Power plans to invest USD 10.5 bn in Egypt by 2030 - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/infinity-power-plans-to-invest-usd-10-5-bn-in-egypt-by-2030\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Infinity Power plans to invest USD 10.5 bn in Egypt by 2030\" \/>\n<meta property=\"og:description\" content=\"Solar, wind, and EVs will each get a share of the USD 10.5 bn investment\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/infinity-power-plans-to-invest-usd-10-5-bn-in-egypt-by-2030\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-08T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/infinity-power-plans-to-invest-usd-10-5-bn-in-egypt-by-2030\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/infinity-power-plans-to-invest-usd-10-5-bn-in-egypt-by-2030\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Infinity Power plans to invest USD 10.5 bn in Egypt by 2030\",\"datePublished\":\"2024-07-08T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/infinity-power-plans-to-invest-usd-10-5-bn-in-egypt-by-2030\/\"},\"wordCount\":151,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/infinity-power-plans-to-invest-usd-10-5-bn-in-egypt-by-2030\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2595.jpg?fit=%2C&ssl=1\",\"keywords\":[\"Egypt\",\"EnterpriseClimate\",\"EVs\",\"Infinity\",\"INVESTMENT WATCH\",\"solar energy\",\"Wind Energy\"],\"articleSection\":[\"INVESTMENT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/infinity-power-plans-to-invest-usd-10-5-bn-in-egypt-by-2030\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/07\/08\/infinity-power-plans-to-invest-usd-10-5-bn-in-egypt-by-2030\/\",\"name\":\"Infinity Power plans to invest USD 10.5 bn in Egypt by 2030 - 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