Nayer Fouad
CEO, Infinity Power
Co-Founder and CEO, Infinity
Nayer Fouad is the co-founder of Infinity, the leading renewable energy solutions provider in Egypt and Africa, and Managing Partner of Infinity Power, a joint venture between Infinity and Masdar. Fouad co-founded Infinity in 2014, playing a key role in scaling the company from a small start-up to becoming the largest renewable energy company in Egypt today. As a part of his role at Infinity, he has been responsible for developing meticulously planned renewable energy solutions across scales and technologies.
He has been instrumental in leading teams to close and deliver the first and only PV plot in Benban, Aswan under the FIT Round 1 guidelines with non-recourse financing, on time, while adhering to world-class specifications. The team under his leadership stayed the course by delivering four more plots in FIT Round 2.
Fouad has contributed immensely in building partnerships with major investors, world-class partners and global experts to deliver exponential growth. He has also played a pertinent role in the continued success, growth and expansion of Infinity EV, and under his guidance, Infinity EV has built the largest EV charging network in Egypt.
Furthermore, Fouad has been at the forefront of Infinity’s expansion into new markets in Africa. He has been actively involved in spearheading the company's expansion efforts across the continent, leading to the establishment of Infinity Power in collaboration with Masdar, in 2020. Through this joint venture, Fouad played a pivotal role in the acquisition of Lekela Power, which marked Africa's biggest renewable energy deal in 2023.
This transaction propelled Infinity Power to become the largest renewable energy company on the continent.
Previously, Fouad co-founded a construction firm, IND, for residential, commercial and development projects in 2009. The firm has now become the construction arm of Infinity, building over 230 MW of solar projects in the Africa’s biggest solar park to date in Benban Aswan, Egypt. In 1998, he also established Arkitech, an independent architecture, planning and interior design firm in Cairo, specializing in residential, commercial, leisure, and urban development projects modeled around his own contemporary vision. Fouad was born and raised in Paris, France and graduated with a Bachelor of Architecture from the Faculty of Engineering, Cairo University. He also has a Master’s Degree in Architecture and Urban Planning from Ecole Nationale Supérieure d’Architecture de Paris.