{"id":325823,"date":"2022-07-20T13:53:05","date_gmt":"2022-07-20T13:53:05","guid":{"rendered":"https:\/\/egy-africa.com\/en\/?p=325823"},"modified":"2022-07-20T13:53:05","modified_gmt":"2022-07-20T13:53:05","slug":"egypts-infinity-afc-to-acquire-lekela-power-in-africas-biggest-renewable-energy-deal","status":"publish","type":"post","link":"https:\/\/egy-africa.com\/en\/2022\/07\/20\/egypts-infinity-afc-to-acquire-lekela-power-in-africas-biggest-renewable-energy-deal\/","title":{"rendered":"Egypt&#8217;s Infinity, AFC to acquire Lekela Power in Africa\u2019s biggest renewable energy deal"},"content":{"rendered":"<p>Infinity, an Egypt-based renewable energy company, and\u00a0Africa Finance Corporation\u00a0(AFC) will acquire\u00a0Lekela Power, including its\u00a01.8 GW pipeline of greenfield projects.<\/p>\n<div id=\"v-mubasher-info-0\"><\/div>\n<p>Under the transaction,\u00a0Infinity will also hold\u00a0Lekela&#8217;s portfolio of operational wind power projects, which have a combined installed capacity of over 1 gigawatt (GW) and is mainly located in South Africa, Egypt, and Senegal, according to a recent press release.<\/p>\n<p>The acquisition will enable\u00a0Infinity to become\u00a0the largest renewable energy company in Africa.<\/p>\n<p>Founded in 2015, Lekela Power is\u00a0owned by Actis, an investor in sustainable infrastructure, with a 60% stake, while\u00a0a consortium, led by\u00a0Mainstream Renewable Power Africa Holdings (MRPAH), holds\u00a040% of the company.<\/p>\n<p>The\u00a0<strong>Co-Founder and Chairman of\u00a0Infinity,\u00a0Mohamed Ismail Mansour,<\/strong> said: <em>&#8220;Our acquisition of Africa\u2019s largest independent power producer in the renewables sector is a major milestone in our strategy for growth across the African continent.&#8221;<\/em><\/p>\n<p>Meanwhile, the<strong>\u00a0President and CEO of\u00a0AFC,\u00a0Samaila Zubairu,<\/strong>\u00a0commented: <em>&#8220;Working together with our partner, Infinity, we aim to more than double the capacity of our joint operating assets over the next 4 years, which stands at 1.4 GW after the Lekela acquisition.&#8221;<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Infinity, an Egypt-based renewable energy company, and\u00a0Africa Finance Corporation\u00a0(AFC) will acquire\u00a0Lekela Power, including its\u00a01.8 GW pipeline of greenfield projects.<\/p>\n","protected":false},"author":4,"featured_media":321159,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[24],"tags":[],"class_list":["post-325823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development-partners"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.3 - 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