Africa To Advance Clean Energy Infrastructure With CREI’s $90m Deal

Communication & Renewable Energy Infrastructure (CREI), a company specializing in energy solutions for telecom infrastructure, has secured $90 million in financing from asset manager Cygnum Capital and Norwegian development finance institution Norfund, the two organizations have announced.
The transaction, structured through the Facility for Energy Inclusion (FEI) fund, reflects growing investment in clean energy infrastructure as African telecommunications companies seek to reduce energy costs and lower their carbon footprint.
The long-term credit facility will support the deployment of renewable energy assets powering mobile networks in Mali, the Central African Republic, South Suda...