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Wednesday, 17 October 2018

Infinity Solar to invest USD 400 mn in renewables projects between 2019-2021

INVESTMENT WATCH- Infinity Solar plans to invest USD 400 mn in solar and wind power projects through 20201, a company official told Al Mal. The company aims to develop as much as 400 MW of capacity in Cairo, the Red Sea and Aswan, the official said, all under the Independent Power Producer (IPP) framework. In the works are three solar power facilities with a combined capacity of 130 MW, the first of which is slated to come online in April 2019 in the world-scale Benban solar complex, where Infinity was the first company to complete a solar plant earlier this year. The company had also recently obtained licenses for two wind-powered stations with a combined capacity of 100 MW.

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