TowerXchange ESCO report: A 2024 update
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TowerXchange ESCO report: A 2024 update

Green financing, cost of capital, emissions reporting and an emerging shift in energy strategy are all fuelling demand for ESCO services in the telecom tower sector

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In 2015 when TowerXchange started covering ESCO market, it was a niche segment of the tower industry, managing 8,664 cell sites globally and relatively unknown to investors and network operators.

By 2021, the IFC published an industry report that forecasted a quadrupling of ESCO sites from 42,000 in 2021 to 166,000 by 2030, amounting to US$4bn.

An unexpected and tumultuous period for the global telecom industry in the last two years, as various factors such as the Ukraine war, slow post-COVID recovery and macro-economic conditions stalled the negotiations of many ESCO RFPs.

But the MNO capex pressures, aggressive ESG sope 1 + 2 commitments and big commitments from impact and development funds towards green energy projects are fuelling demand for distributed energy systems to make telecom tower networks more resilience, cleaner and cheaper.

TowerXchange brings a special report that focuses on the key trends surrounding the development of the African ESCO sector, including ESCO business models and contract structures, investment trends, global market footprints and site counts and the changing dynamics between ESCOs and towercos.

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