{"id":608758,"date":"2023-10-25T00:00:00","date_gmt":"2023-10-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/25\/infinity-power-eyes-10-gw-renewables-portfolio-by-2030\/"},"modified":"2023-10-25T00:00:00","modified_gmt":"2023-10-25T00:00:00","slug":"infinity-power-eyes-10-gw-renewables-portfolio-by-2030","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/10\/25\/infinity-power-eyes-10-gw-renewables-portfolio-by-2030\/","title":{"rendered":"Infinity Power eyes 10 GW renewables portfolio by 2030"},"content":{"rendered":"

Infinity Power sets 10 GW renewables target: <\/strong>Local renewable energy developer Infinity Power aims to grow its clean energy portfolio to reach 10 GW by 2030, according to a company statement (p<\/a>df)<\/a>. The company\u2014 a joint venture between our friends at Infinity and UAE renewables player Masdar \u2014 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.<\/p>\n

The impact:<\/strong> A 10-GW portfolio would power some 12 mn households, and offset between 15-20 mn tons of carbon emissions every year. The company \u201caims to operate across all corners of Africa within the next 10 years,\u201d it said.<\/p>\n

Infinity already has a considerable footprint in Egypt: <\/strong>Infinity Power is among a consortium of companies lined up to construct a USD<\/a>10 bn, 10 GW wind<\/a>farm<\/a> 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 acqu<\/a>iring a stak<\/a>e<\/a> of the 580 MW Gabal El Zeit wind farm. <\/p>\n

Export plans are in the pipeline: <\/strong>The company sig<\/a>ned back in<\/a>May<\/a> 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<\/a>. <\/p>\n","protected":false},"excerpt":{"rendered":"

The company currently has 1.3 GW of operating assets in its portfolio<\/p>\n","protected":false},"author":1,"featured_media":608759,"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":[7207],"tags":[93,72,4952,151,7234],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-608758","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-energy","tag-enterpriseam","tag-infinity-power","tag-renewables","tag-solar-power","wpautop","entry"],"acf":{"mongo_id":"11a3f198-8522-43cc-8a5d-ca280bbe4062","order":"0","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/1234.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Infinity Power eyes 10 GW renewables portfolio by 2030","related_issue":[608749],"teaser":"The company currently has 1.3 GW of operating assets in its portfolio","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/10\/.87b6cb21-0c3b-4b76-a5a6-34c4164a5bdd.mp3"},"yoast_head":"\nInfinity Power eyes 10 GW renewables portfolio by 2030 - 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It\u2019s almost half of the country\u2019s current installed capacity, which at the end\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/11\/145.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":548133,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/07\/27\/infinity-afc-eye-usd-4-bn-to-double-lekelas-capacity\/","url_meta":{"origin":608758,"position":2},"title":"Infinity, AFC eye USD 4 bn to double Lekela\u2019s capacity","author":"enterpriseam admin","date":"27 July 2022","format":false,"excerpt":"Infinity + AFC plan USD 4 bn investment to double Lekela\u2019s capacity: Our friends at renewables player Infinity Group and Africa Finance Corporation (AFC) want to raise USD 2.5-4 bn over the next four years to double the capacity of the newly-acquired Lekela Power, AFC CEO Samaila Zubairu told Bloomberg\u2026","rel":"","context":"In "Investment Watch"","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/7\/282.jpg?fit=%2C&ssl=1&resize=350%2C200","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":608758,"position":3},"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). 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