EBRD Arranges Up to $265 Million for Egypt Solar Project
A planned solar and battery facility in Minya, Egypt, is the subject of a loan arrangement of up to US$265 million (€232 million), according to the European Bank for Reconstruction and Development. The EBRD said the borrower is Nefer Menya for Renewable Energy S.A.E., an Egyptian project company owned by Infinity Power and HAU Energy.
In its financing announcement, the bank described plans for 1.2 GW of solar capacity alongside battery storage of 600 MWh. The EBRD said the project is intended to become the largest solar power plant both in Egypt and across Africa.
According to the bank, the battery installation is designed to retain daytime solar generation for use after sunset during periods of peak demand. Supporting electricity-grid stability and reliability are among the stated objectives. Project funding is intended to cover construction and operation, with electricity sales planned under a power purchase agreement lasting 25 years with the Egyptian Electricity Transmission Company.
The EBRD’s projections put the facility’s potential electricity supply at enough for more than 1.4 million homes, with annual avoided carbon dioxide emissions exceeding 1.5 million tonnes. Those figures describe estimated future performance rather than operating results.
Within the announced loan arrangement, the EBRD’s own contribution is US$160 million. Bank of Jordan is providing a US$75 million B-loan, while concessional financing from the CIF Clean Technology Fund accounts for up to US$30 million. The bank said the wider planned debt package totals up to US$566 million, including co-financing from DEG, FMO and Proparco.
A separate, earlier EBRD project disclosure describes the solar installation as 1,000 MWac, alongside storage capacity of 600 MWh, and lists a financing amount from the EBRD of up to US$170 million. That disclosure records the borrower’s ownership as 51 percent for Infinity Power Holding and 49 percent for HAU Energy.
The EBRD project page records approval on 9 September 2026 and identifies the financing status as signed. That status relates to the financing, rather than establishing that electricity generation has begun; the later announcement describes the loan as being arranged.
For wider context, the EBRD said the energy pillar of Egypt’s NWFE programme has two capacity objectives: adding 10 GW of privately developed renewable generation and removing 5 GW of inefficient fossil-fuel capacity. These are programme targets, not results attributed to the Minya facility.
* This article is based on publicly available information at the time of writing.