Ib Vogt has sold its shares in the 64.1 Megawatt Peak (MWp) “Infinity 50” photovoltaic project in Benban to Abu Dhabi’s renewable energy company Masdar.

The European Bank for Reconstruction and Development (EBRD) announced in a statement published on the bank's website on October 14, 2019, its intention to invest $60 million in the Egypt-based firm, Infinity Energy.

Metropolitan Egypt for Consulting has contracted with Infinity Energy Systems to collect financing worth EGP 10m to establish a solar energy plant in Aswan.