Infinity Power sets 10 GW renewables target: Local renewable energy developer Infinity Power aims to grow its clean energy portfolio to reach 10 GW by 2030, according to a company statement (pdf). The company— a joint venture between our friends at Infinity and UAE renewables player Masdar — currently has a portfolio of 1.3 GW in operational capacity from solar PV and wind farms in Egypt, Senegal, and South Africa. Expanding its portfolio to 10 GW would require USD 5 bn in investment, the company said.

The impact: A 10-GW portfolio would power some 12 mn households, and offset between 15-20 mn tons of carbon emissions every year. The company “aims to operate across all corners of Africa within the next 10 years,” it said.

Infinity already has a considerable footprint in Egypt: Infinity Power is among a consortium of companies lined up to construct a USD10 bn, 10 GW windfarm in Sohag. It is also among seven consortiums that have bought the tender and conditions booklet for several planned renewables-powered desalination projects on the North Coast, and is among those interested in acquiring a stake of the 580 MW Gabal El Zeit wind farm.

Export plans are in the pipeline: The company signed back inMay an agreement with Greece-based Copelouzos Group to explore the feasibility of jointly developing renewable energy projects clean energy to Europe via its planned 3-GW Greece-Egypt Interconnector.

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