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Infinity Power     2023 Sustainability Report                                                                                                                                                                                                                                                                                                                                     3

               “ Infinity Power is rapidly                                         “ We believe Infinity

                 evolving as the leader                                              Power, through the                                   A message from

                 in pure play renewables                                             combined strength

                 in Africa, supporting                                               of its founding                                      our leadership

                 our mission to deliver                                              companies, will

                 sustainable energy                                                  transform Africa’s

                 solutions that power                                                energy landscape.”

                 economic growth,                                                                                                         Bringing renewable energy                                                      A strong track record                                                          We aim to be an enabler of stronger regulatory

                                                                                     — NAYER FOUAD, CEO                                                                                                                                                                                                 frameworks and encourage wider efforts to attract
                 social development and                                                                                                   leaders together                                                               We are building on a strong track record and
                                                                                                                                                                                                                                                                                                        greater international climate financing to meet
                 environmental protection.”                                                                                               We believe Infinity Power, through the combined                                sustainability commitments from our founding                                   these goals.

                                                                                                                                          strength of its founding companies, will transform                             companies. This year we listened closely to
                 —  MOHAMED ISMAIL MANSOUR,                                                                                               Africa’s energy landscape. There are 1.2 billion people                        stakeholders to identify our most material ESG issues
                                                                                                                                                                                                                                                                                                        Our commitment to communities
                     CHAIRMAN                                                                                                             that call Africa home, and almost half of them – around                        and developed our first sustainability strategy and

                                                                                                                                          600 million people – lack access to secure electricity                         commitments for Infinity Power. Our strategy reflects our                      Our success as a business relies on collaborative and

                                                                                                                                          supplies, which we see as a basic human right.                                 commitment to delivering high standards of safety and                          successful relationships with the communities around
                                                                                                                                                                                                                         energy excellence at all times, to protecting the natural                      our assets. We engage with local stakeholders and

                                                                                                                                          As the largest African-focused renewable energy                                environment and being a leader in the just energy                              develop community investment projects to empower

                                                                                                                                          company, our mission is to enable far greater access                           transition. As a responsible company, we are steadfast                         entrepreneurial opportunities.
                                                                                                                                          to clean energy. By bringing low carbon, stable,                               in our commitment to operating with the highest

                                                                                                                                          and secure supplies to communities across the                                  standards of integrity.                                                        In 2023 we invested over $3 million in 180 projects from
                                                                                                                                                                                                                                                                                                        training the next generation of young talent to become
                                                                                                                                          continent, we aim to foster economic growth and enable

                                                                                                                                          communities to thrive. We are now pleased to deliver our                       Supporting Africa’s climate                                                    renewable engineers, to supporting local farmers to
                                                                                                                                                                                                                                                                                                        increase their climate resilience with solar-powered
                                                                                                                                          first Sustainability Report.                                                   action ambitions
                                                                                                                                                                                                                                                                                                        irrigated gardens. In total, over 50% of participants in
                                                                                                                                                                                                                         As climate change continued to drive unstable and                              our community programmes were women and girls.
                                                                                                                                          A transformative year
                                                                                                                                                                                                                         extreme conditions and affected communities across

                                                                                                                                          In this first transformative year of our operations, we                        Africa in 2023, global leaders gathered at the UN
                                                                                                                                                                                                                                                                                                        We look forward to reporting further on our progress
                                                                                                                                          acquired Lekela Power, consolidated our assets, and                            COP28 summit in Dubai. Nations agreed to transition
                                                                                                                                                                                                                                                                                                        towards our sustainability strategy and commitments,
                                                                                                                                          successfully brought together our collective people,                           away from fossil fuels, triple global renewable energy
                                                                                                                                                                                                                                                                                                        our challenges and our achievements in the coming
                                                                                                                                          technology, skills and capabilities. With a substantial                        capacity by 2030 and financially support countries
                                                                                                                                                                                                                                                                                                        years. Together, we’re excited to serve communities
                                                                                                                                          operational portfolio of 1,280 MW of wind and solar                            most severely affected by a changing climate. We fully
                                                                                                                                                                                                                                                                                                        across Africa.
                                                                                                                                          assets across Egypt, South Africa and Senegal, and                             endorse the aims to achieve a fair and equitable just

                                                                                                                                          a 10 GW wind megaproject already in our pipeline,                              transition on the continent. In pursuit of this we will do                     NAYER FOUAD,

                                                                                                                                          we are positioned for growth. Along with investments                           what we can to support African governments’ ambitions                          CEO OF INFINITY POWER

                                                                                                                                          in innovations such as battery storage and green                               to build low carbon and resilient energy capacity and
                                                                                                                                                                                                                                                                                                        MOHAMED ISMAIL MANSOUR,
                                                                                                                                          hydrogen, we aim to deliver 10 GW of clean energy                              infrastructure that’s built for the future.                                    CHAIRMAN OF INFINITY POWER
                                                                                                                                          capacity across Africa by 2030.
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