The strategic investments are set to strengthen the company’s renewable energy portfolio while advancing its ambitious target of achieving 100GW of global capacity by 2030.

Developed by AMEA Power, the Abydos Solar PV Project is a transformative expansion of the existing 500MW Abydos Solar PV power plant

The project, known as Rabigh 2, is part of the Kingdom’s ambitious renewable energy goals under its National Renewable Energy Program (NREP).

The company will spin off its core business lines into three independent entities

Infinity Power is considering an initial public offering (IPO) on the Abu Dhabi stock exchange within the next three years.

The project was completed in18 months and it is set to generate 1,500GWh of clean electricity annually.