{"id":591973,"date":"2019-12-23T04:29:42","date_gmt":"2019-12-23T04:29:42","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/ebrd-closes-acquisition-of-20-stake-in-egypts-infinity-solar\/"},"modified":"2019-12-23T04:29:42","modified_gmt":"2019-12-23T04:29:42","slug":"ebrd-closes-acquisition-of-20-stake-in-egypts-infinity-solar","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/ebrd-closes-acquisition-of-20-stake-in-egypts-infinity-solar\/","title":{"rendered":"EBRD closes acquisition of 20% stake in Egypt\u2019s Infinity Solar"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>M&A WATCH- EBRD closes acquisition of 20% stake in Infinity Solar: <\/strong>The European Bank for Reconstruction and Development (EBRD) has reportedly acquired a 20% stake in Infinity Solar worth USD 60 mn, a source close to the matter <a href=\"https:\/\/almalnews.com\/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A-%D9%8A%D8%B3%D8%AA%D8%AD%D9%88%D8%B0-%D8%B9%D9%84%D9%89-%20-%D9%85%D9%86-%D8%A5%D9%86%D9%81%D9%8A%D9%86%D8%AA\/\">told Al Mal<\/a>. The EBRD announced the investment <a href=\"https:\/\/enterprise.press\/issues\/2019\/10\/15\/universal-healthcare-tithe-remains-mystery-finmin-drafts-changes\/#79294\">last October<\/a>. It will add to infinity\u2019s renewable energy plants, which include one solar plant in 6 October\u2019s <a href=\"https:\/\/www.google.com\/maps\/place\/Green+Belt,+Giza+Governorate\/@29.9680391,30.7194375,11z\/data=!3m1!4b1!4m5!3m4!1s0x1458f88a8fdb426b:0xf112e13bad2edb40!8m2!3d29.9448229!4d30.8154358\">Green Belt<\/a>, four in phases one and two of Aswan\u2019s Benban park, and another one in Aswan.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>M&#038;A WATCH- EBRD closes acquisition of 20% stake in Infinity Solar: The European Bank for Reconstruction and Development (EBRD) has reportedly acquired a 20% stake in Infinity Solar worth USD 60 mn, a source close to the matter told Al Mal. The EBRD announced the investment last October. It will add to infinity\u2019s renewable energy [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","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":[8572],"tags":[93,72,7087,125,10811,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591973","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-energy","tag-enterpriseam","tag-finance","tag-investment-watch","tag-mas","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"4d5ededd-a277-480c-9840-2ed3c8837aef","is_powered_by":true,"section_story_id":"15270cdf-10e3-4d5f-b01c-d04c27c6bcf3","story_type":"1","photo_url":"","photo_position":"above","related_issue":[591963],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>EBRD closes acquisition of 20% stake in Egypt\u2019s Infinity Solar - EnterpriseAM Egypt<\/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\/egypt\/2019\/12\/23\/ebrd-closes-acquisition-of-20-stake-in-egypts-infinity-solar\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EBRD closes acquisition of 20% stake in Egypt\u2019s Infinity Solar\" \/>\n<meta property=\"og:description\" content=\"M&amp;A WATCH- EBRD closes acquisition of 20% stake in Infinity Solar: The European Bank for Reconstruction and Development (EBRD) has reportedly acquired a 20% stake in Infinity Solar worth USD 60 mn, a source close to the matter told Al Mal. The EBRD announced the investment last October. It will add to infinity\u2019s renewable energy [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/ebrd-closes-acquisition-of-20-stake-in-egypts-infinity-solar\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-12-23T04:29:42+00:00\" \/>\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<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/ebrd-closes-acquisition-of-20-stake-in-egypts-infinity-solar\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/ebrd-closes-acquisition-of-20-stake-in-egypts-infinity-solar\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"EBRD closes acquisition of 20% stake in Egypt\u2019s Infinity Solar\",\"datePublished\":\"2019-12-23T04:29:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/ebrd-closes-acquisition-of-20-stake-in-egypts-infinity-solar\/\"},\"wordCount\":91,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\",\"Finance\",\"investment watch\",\"M&amp;As\",\"SPEED ROUND\"],\"articleSection\":[\"Speed Round\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/ebrd-closes-acquisition-of-20-stake-in-egypts-infinity-solar\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/12\/23\/ebrd-closes-acquisition-of-20-stake-in-egypts-infinity-solar\/\",\"name\":\"EBRD closes acquisition of 20% stake in Egypt\u2019s Infinity Solar - 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The two\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":577305,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/11\/17\/infinity-hassan-allam-utilities-masdar-ink-2-gw-green-hydrogen-agreement-ebrd-invests-more-in-infinity\/","url_meta":{"origin":591973,"position":1},"title":"Infinity, Hassan Allam Utilities, Masdar ink 2 GW green hydrogen agreement + EBRD invests more in Infinity","author":"enterpriseam admin","date":"17 November 2022","format":false,"excerpt":"Our friends at Infinity and Hassan Allam Utilities alongside UAE clean-energy giant Masdar have inked a framework agreement for a 2 GW green hydrogen plant they will build in the Suez Canal Economic Zone. The SCZone plant will be operational by 2026, they said in a statement (pdf). The investment\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":593969,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/15\/ebrd-could-invest-usd-60-mn-in-infinity-solar-projects\/","url_meta":{"origin":591973,"position":2},"title":"EBRD could invest USD 60 mn in Infinity Solar projects","author":"enterpriseam admin","date":"15 October 2019","format":false,"excerpt":"The European Bank for Reconstruction and Development (EBRD) could invest USD 60 mn in Infinity Solar to develop new renewable energy projects, it said in a statement. The bank plans to invest in electricity distribution infrastructure and EV charging stations, in addition to either new solar plants or onshore wind\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":600421,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/01\/29\/first-of-egypts-ebrd-financed-solar-plants-goes-live-in-benban\/","url_meta":{"origin":591973,"position":3},"title":"First of Egypt\u2019s EBRD-financed solar plants goes live in Benban","author":"enterpriseam admin","date":"29 January 2019","format":false,"excerpt":"Infinity Solar\u2019s 30 MW solar power plant, the first of 16 solar plants financed by the European Bank for Reconstruction and Development (EBRD) in Aswan\u2019s Benban solar park, has been completed and connected to Egypt\u2019s national electricity grid, EBRD said on Monday. The plant was co-financed by the Dutch Development\u2026","rel":"","context":"In &quot;Energy&quot;","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":567248,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/01\/16\/ebrd-invests-usd-60-mn-in-egypts-infinity-energy\/","url_meta":{"origin":591973,"position":4},"title":"EBRD invests USD 60 mn in Egypt\u2019s Infinity Energy","author":"enterpriseam admin","date":"16 January 2020","format":false,"excerpt":"INVESTMENT WATCH- EBRD invests USD 60 mn in Egypt\u2019s Infinity Energy: The European Bank for Reconstruction and Development (EBRD) has become a shareholder in Infinity Energy after investing USD 60 mn equity in the energy company, according to an official statement. The new investment is earmarked for developing renewable energy\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641617,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/infinity-solar-acquires-97-stake-in-taqa-arabia-subsidiary\/","url_meta":{"origin":591973,"position":5},"title":"Infinity Solar acquires 97% stake in TAQA Arabia subsidiary","author":"enterpriseam admin","date":"27 September 2017","format":false,"excerpt":"M&A WATCH- Infinity Solar has acquired a 97% stake in TAQA Arabia subsidiary TAQA Solar Resort in a EGP 50 mn transaction, Al Borsa reports. 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