November 3, 2026
Infinity Power and HAU Energy have secured a debt financing package of up to USD 566 million for the Nefer Minya Solar PV and Battery Energy Storage Project in West Minya, Egypt. The development combines 1.2 GWp of solar capacity with a 600 MWh BESS. The EBRD is arranging up to USD 265 million of the financing. A subsequent Notice to Proceed has also been issued for full-scale EPC construction.
Infinity Power and HAU Energy have announced a major financing milestone for the Nefer Minya Solar PV and Battery Energy Storage Project in West Minya, Egypt.
FINANCING MILESTONE — 20 OCTOBER 2026
The developers secured a debt financing package of up to USD 566 million, including up to USD 265 million arranged by the European Bank for Reconstruction and Development (EBRD).
The EBRD-arranged package comprises USD 160 million from EBRD funds, USD 75 million mobilized from Bank of Jordan, and up to USD 30 million in concessional financing from the Clean Technology Fund. Additional financing institutions include DEG, FMO and Proparco.
PROJECT HIGHLIGHTS
• Project: Nefer Minya Solar PV & BESS
• Location: West Minya, Egypt
• Project Company: Nefer Menya for Renewable Energy S.A.E.
• Developers: Infinity Power and HAU Energy
• Solar Capacity: 1.2 GWp
• Battery Storage: 600 MWh
• Announced Debt Financing: Up to USD 566 million
• Power Offtaker: Egyptian Electricity Transmission Company (EETC)
• Power Purchase Agreement: 25 years
CONSTRUCTION UPDATE — 27 OCTOBER 2026
The developers subsequently issued a Notice to Proceed for full-scale EPC works. Construction will be undertaken by a joint venture between Hassan Allam Construction and Sterling & Wilson. Commercial operation is targeted for September 2027.
ENGINEERING & INDUSTRY RELEVANCE
The project integrates utility-scale solar generation with battery storage to supply renewable electricity during evening peak demand and improve grid stability.
Its implementation involves solar PV systems, civil and structural works, electrical infrastructure, BESS integration, substations, grid interconnection, testing, commissioning and operational support.
PROCUREMENT STATUS
The main EPC delivery joint venture has already been identified. Any remaining specialist subcontracting, equipment supply or technical-service opportunities must be confirmed directly with the appointed contractors or project developers.
SOURCES
EBRD — Official Financing Announcement, 20 October 2026.
Infinity Power — Official Financing Announcement, 20 October 2026.
Hassan Allam — Official Construction Update, 27 October 2026.