Infinity wind to FC
Infinity Power has reached financial close on its US$216.735m, 200MW Ras Ghareb wind scheme via project facilities from EBRD, JICA and Proparco. EBRD provided US$64.7m towards the financing.
The long-term PPA on the scheme is backed by a sovereign guarantee from the Ministry of Finance. The project will be among the first to be delivered under the 10GW renewable programme of the EBRD-led Energy Pillar of the Nexus Water-Food-Energy Programme initiative.
Infinity is backed by Masdar and other key shareholders including renewables developer Infinity Egypt, EBRD and the Africa Finance Corp.
