Infinity Power Signs 3 Energy Deals in South Africa and Egypt as UAE Bets $72 Billion on African Renewables
Updated
Updated · Egyptian Streets · Jul 15
Infinity Power Signs 3 Energy Deals in South Africa and Egypt as UAE Bets $72 Billion on African Renewables
3 articles · Updated · Egyptian Streets · Jul 15
Summary
Infinity Power used the Africa Energy Forum in Cape Town to announce three project deals: Highveld solar and the Ngwedi cluster in South Africa, plus the Nefer Minya agreement in Egypt.
The signings move projects toward execution, with India’s Sterling and Wilson taking a conditional EPC role on Highveld, China’s PowerChina Guizhou on Ngwedi, and AIKO Energy supplying modules for Nefer Minya.
Egypt stands apart because Infinity Power is a Masdar-Infinity Energy joint venture, giving Cairo a direct equity stake; that matters after 2024 power cuts and more than $1 billion in emergency LNG imports.
The deals highlight how Gulf capital is filling Africa’s financing gap, which the IEA puts at $190 billion a year through 2030 even as 600 million Africans still lack reliable electricity.
The UAE says it invested $110 billion in Africa from 2019 to 2023, including $72 billion in renewables, and has shown a higher tolerance for political risk than Saudi or Qatari peers.
Can the UAE's high-risk investment model lure cautious Western capital back into Africa's most fragile energy markets?
As Gulf states and China deepen their energy alliance in Africa, is a new world order for renewables taking shape?
Infinity Power and UAE Investments: Accelerating Africa’s Renewable Energy Transition to 10 GW by 2032
Overview
Infinity Power, Africa’s largest pure-play renewable energy company, made significant progress at the Africa Energy Forum 2026 by signing three major agreements with top international technology and engineering firms. These partnerships are set to accelerate the rollout of large-scale clean energy projects in South Africa and Egypt, supporting Infinity Power’s goal of reaching 10 GW of operational renewable energy capacity by 2032. With a commitment to expanding its 16 GW renewable energy pipeline, Infinity Power’s latest moves highlight its strategy to combine global expertise and local knowledge to drive Africa’s clean energy transition.