- The Camusat Group Will receive a €60 million credit facility to provide clean energy solutions to telecommunications masts.
- The company plans to deploy clean energy in 10,000 suites by 2025.
The Camusat Group, via its investment vehicle, Aktivco, has signed a €60 million credit facility with several investors. The credit is provided by the Energy Inclusion Facility (EIF), a facility capitalised by the African Development Bank (AfDB) and other development finance institutions and managed by Lion’s Head Asset Management. The funds comprise €27 million allocated by the EIF, €6 million by Proparco. Norfund, its providing €9 million, while AfricaGoGreen (AGG) will contribute €8 million.
The Camusat Group installs clean energy and energy efficiency solutions for telecommunication masts under the ESCO (Energy Service Company) model. In addition, Aktivco will leverage the credit facility to finance and install new projects in several African countries, including Chad, Cameroon, Niger, Burkina Faso, and Ivory Coast.
Richard Thomas, CEO of Camusat, stated: This credit “strengthens our ability to meet the demand of telecom operators for green and efficient energy to secure their networks. I would like to personally congratulate the management teams of the lenders and LHGP Asset, as well as the financial team of the Camusat Group for their hard work in making this innovative agreement possible.” The Group has set its sights on deploying clean energy solutions to 10,000 ESCO sites in Africa by 2025.