Legacy Africa Capital Partners backs Continuous Power Africa in offering load-shedding solutions to telcos. load-shedding off-grid renewables
, which provides off-grid and backup energy solutions to telecoms companies in Africa and South Asia.
The ongoing disruptive power cuts in SA have increased operational costs associated with keeping base stations alive and protected. To mitigate this, telcos are burning more fuel per month to maintain connectivity and provide decent customer experience. Some have also deployed generators to counter the impact.
With the investment, LACP now joins existing investors in CPA, including South African entrepreneurs Duncan Hipkin and Simon Hipkin, and Pine Creek Renewables, a US-based asset developer and permanent capital vehicle that invests in low-carbon technology companies globally.
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