DLA Piper Advises Infinity Power Holding on $164M Onshore Wind Farm in Egypt

Strategic Insights -

DLA Piper advised Infinity Power Holding, a joint venture between Abu Dhabi Future Energy (Masdar) and Infinity Energy S.A.E., on the development and financing of a $164 million 200MW onshore wind farm in Ras Ghareb, Egypt. The financing was secured from a consortium of lenders, including the European Bank for Reconstruction and Development (EBRD), Japan International Cooperation Agency (JICA), and Société de Promotion et de Participation Pour la Coopération Economique (Proparco). The project marks a significant contribution to Egypt's renewable energy ambitions and supports the broader energy transition across the region.

Key Takeaways:

  • DLA Piper advised Infinity Power Holding on the development and financing of a $164 million 200MW onshore wind farm in Ras Ghareb, Egypt.
  • The financing structure reflects growing investor confidence in large-scale renewables.
  • The project will generate approximately 810,000 MWh of clean electricity annually, enough to power around 311,000 homes.
  • The project marks a significant contribution to Egypt's renewable energy ambitions and supports the broader energy transition across the region.
  • The DLA Piper team was led by Project's partners Iain Elder and Nikhil Markanday.
  • The financing structure was supported by a diverse consortium of lenders, including the EBRD, JICA, and Proparco.
  • The project will be constructed under an EPC arrangement with PowerChina.
  • The project is expected to be completed in 2027.

Statistics:

  • The project will generate approximately 810,000 MWh of clean electricity annually.
  • The project will power around 311,000 homes.
  • The financing was secured from a consortium of lenders for $164 million.
  • The project marks a significant contribution to Egypt's renewable energy ambitions and supports the broader energy transition across the region.

Sources:

  • DLA Piper LLP

("DLA Piper Advises Infinity Power Holding on Development and Financing of $164 Million Onshore Wind Farm in Egypt").