Headquartered in Mauritius, ESCOTEL has been set up to provide energy services to mobile tower owners and operators, owning and operating decentralised renewable energy infrastructure across Africa. ESCOTEL will initially supply, install, operate and maintain decentralised solar and storage hybrid power systems for a portfolio of around 900 telecom sites in Sierra Leone, Liberia and over time the Democratic Republic of Congo, owned by subsidiaries of France-based telecommunications company, Orange.

Echosys Advisory advised Sagemcom in the US$35m equity financing round of ESCOTEL.

Inspired Evolution, through Evolution II, has committed US$20m alongside US$10m from Norfund and US$5m from Sagemcom Energy & Telecom, which will also act as equipment supplier, EPC contractor and O&M provider to ESCOTEL.

Investors: Sagemcom, Inspired Evolution, Norfund