en.Wedoany.com Reported - The European Bank for Reconstruction and Development (EBRD) is evaluating a senior debt facility of up to $170 million for the Nefer Menya solar-plus-storage project in Egypt. Developed by a consortium led by Infinity Power Holding, the project plans to install 1 GW of solar generation capacity and is equipped with a 600 MWh battery energy storage system, located in the desert region of Minya, Egypt.

The Nefer Menya project has passed its concept review, with the EBRD planning a final approval on July 22, 2026. The total estimated investment for the project is approximately $764 million, which, in addition to the EBRD loan, will involve co-financing from other lenders. In terms of equity structure, Infinity Power Holding holds a 51% stake, while HAU Energy holds 49%.

Once completed, the project is expected to reduce carbon dioxide emissions by up to approximately 1.3 million tons annually. As the 1 GW photovoltaic and 600 MWh energy storage system enters the financing evaluation phase, the Egyptian solar-plus-storage project will generate new demand in areas such as photovoltaic modules, inverters, battery storage, step-up substations, grid connection, and long-term operation and maintenance.

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