Page 3 - Infinity Power Report

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.