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Thursday, 27 October 2022

Infinity units eye new wind and EV projects

Infinity Power eyes USD 300 mn wind farm: Infinity Power, a JV between local renewables player Infinity and UAE’s Masdar, has its sights set on developing a 200 MW wind farm in the Gulf of Suez, head of wind energy at Infinity Egypt Omar Nagi told reporters at a workshop yesterday. The project could cost as much as USD 300 mn to build. Al Mal also has the story.

And EVs are also in the plan: Infinity EV is looking to invest EGP 80 mn (c.USD 4 mn) in EV charging stations in the coming year, Managing Director Shams Abdel Ghaffar told Enterprise Climate. The company is planning to up the number of its charging stations to 300 from 115 2024, and increase charging points to 1k from 440 in commercial and residential areas, as well as gas stations, he added. Infinity EV also has regional expansion plans including Jordan and two other countries, which Abdel Ghaffar did not name.

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