EBRD considers $7.5mn financing for Egypt’s Infinity Energy EVs charging expansion

The European Bank for Reconstruction and Development (EBRD) is considering a $7.5mn financing package for Infinity Energy to support a broader $37.5mn project to expand electric vehicle (EV) charging infrastructure across the region, Al Arabiya Business reported on April 13.

The planned investment will focus primarily on Egypt and Jordan, with potential expansion into other regional markets as demand for electric mobility continues to grow. The project is expected to strengthen charging networks and support the transition towards cleaner transport systems.

If approved, the financing would further support Egypt’s push towards cleaner energy and low-carbon mobility solutions.

Infinity Energy is a leading renewable energy developer in Egypt and Africa, with a strong presence in solar power generation, including projects within the Benban Solar Park. The company has been expanding into integrated energy solutions, including EV charging and electricity distribution.

As part of this strategy, Infinity is restructuring its operations by spinning off non-generation activities, such as EV charging, electricity distribution, and solar EPC and operations services, into a newly established entity. The move aims to streamline operations and attract targeted investment into high-growth segments.

The EBRD has been a major supporter of Egypt’s renewable energy sector, financing several landmark projects, particularly in solar and wind energy. It played a central role in funding the Benban solar complex and continues to support initiatives that promote decarbonisation, private-sector participation, and sustainable infrastructure.

The EBRD has provided over $1.1bn in cumulative financing for the Benban Solar Park, supporting the development of 16 individual photovoltaic plants with a combined capacity of 750 MW. This funding includes more recent 2026 expansions, such as a $65mn loan for the Nefer Benban project, which adds 200MW of solar capacity and 120 MWh of battery storage to the complex.