AktivCo ESCO Financing by FEI, Proparco, Norfund and AGG

Published: 14/10/21

Trinity has advised the lenders – Facility for Energy Inclusion (“FEI”), a fund managed by Lion’s Head Global Partners, Société de Promotion et de Participation pour la Coopération Economique (“PROPARCO”), the Norwegian Investment Fund for Developing Countries (”NORFUND”) and AfricaGoGreen Fund for Renewable Energy and Energy Efficiency, in relation to a EUR60 million multi-country facility to Aktivco SAS and its subsidiaries in Burkina Faso, Cameroon, Chad, Côte d’Ivoire and Niger.

AktivCo SAS is an energy services company (“ESCO“) and a fully owned subsidiary of Camusat Group, a global player for the roll-out of telecom networks. AktivCo SAS provides energy solutions to telecom network operators in Africa, including the construction of renewable energy power plants for telecom towers to replace polluting diesel generators. Their telecom clients benefit from outsourcing a substantial part of their infrastructure while improving their service uptime and reducing their carbon footprint. Aktivco SAS is a leading African ESCO with 3,000 sites in its portfolio and aims to operate 10,000 sites by 2025.

This transaction is innovative and one of the first multi-country telecom ESCO financings in Africa which allows AktivCo SAS to finance its individual African operating companies directly without a parent company guarantee. This is also the first transaction arranged and structured by FEI, a fund designed to support small-scale independent power producers delivering power to the grid, mini-grids, C&I and captive power projects.

The Trinity team was led by partners Marianna Sedefian and Luke Muchamore, assisted by partners Pierre Bernheim and Fiona Gulliford, and associates Nicolas Boittin, Alexis Giroulet and Rita Lotfi.

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