Infinity Power completes Lekela acquisition

  • Date: 20-Mar-2023
  • Source: Energy Voice
  • Sector:Oil & Gas
  • Country:Egypt
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Infinity Power completes Lekela acquisition

Infinity Power has completed its acquisition of Lekela Power, which operates 1 GW of wind power in South Africa, Egypt and Senegal.

The deal makes Infinity Power the largest provider of renewable energy in Africa. The company is made up of Egypt’s Infinity and Abu Dhabi’s Masdar.

Shareholders funder the deal, while Absa CIB and Mauritian Commercial Bank (MCB) provided debt.