FEI helps AktivCo bring clean energy to telecoms with €28.3m debt package

The Facility for Energy Inclusion (FEI), a fund managed by Lion’s Head Group, has arranged an additional €28.3 million in debt for AktivCo, an energy services company owned by Camusat.

The debt was provided by FEI, Proparco, Norfund, and AfricaGoGreen, with FEI serving as the lead arranger. The total committed debt now stands at €88.5 million.

AktivCo provides energy as a service to telecom network operators in Africa, including the construction of renewable energy power plants for telecom towers. The company aims to operate 10,000 sites by 2025 and currently has 3,000 sites in its portfolio.

FEI was established by the African Development Bank to support small-scale independent power producers delivering power to the grid, mini-grids, commercial and industrial, and captive power projects.