Crédit Agricole Egypt Teams Up with Infinity to Boost Residential Solar Adoption

Credit Agricole Egypt and Egyptian renewables company Infinity have signed a partnership to provide Infinity’s customers with access to Credit Agricole Egypt’s solar loan. The loan enables individuals to invest in solar products, offering preferential interest rates and repayment terms up to seven years.

Announcing the agreement on Tuesday, the companies said it aligns with Egypt’s Vision 2030 and the Central Bank of Egypt’s sustainable finance principles.

“This partnership with Credit Agricole Egypt is an important step in making solar energy more accessible to households across the country,” said Mohamed Ismail Mansour, Co-Founder and CEO of Infinity. The company is backed by institutional shareholders such as Africa Finance Corporation (AFC) and the European Bank for Reconstruction and Development (EBRD), and provides renewable energy solutions, including utility-scale and decentralised solar projects.

Jean-Pierre Trinelle, Managing Director of the local unit of the French banking group, noted that Credit Agricole is committed to carbon neutrality by 2050 for both its own operations and financed emissions.