Tozzi Green’s sustainable energy in Africa: from Ravenna to Madagascar with SACE SIMEST

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The export and internationalisation Hub of the CDP Group (Cassa Depositi e Prestiti), consisting of SACE and SIMEST, is supporting the development in Madagascar of Tozzi Green, a Ravenna company specialising in the renewable energy sector. It’s a two-pronged operation for the Hub with the participation of SIMEST through its acquisition of 49% of the share capital of the Malagasy subsidiary, an investment equal to 6.5 million euros, and of SACE, which has guaranteed a 10 million euro loan granted by Crédit Agricole Cariparma to the Ravenna-based company. Thanks to this investment, Tozzi Green will build a 22 MegaWatt run-of-river hydroelectric plant, which will supply energy to approximately 200,000 Antananarivo households by 2019. “We are happy with the project and with the synergy achieved with SACE SIMEST, a partnership that is fundamental to developing green projects throughout the world,” said Andrea Tozzi, CEO of Tozzi Green.