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CrossBoundary Energy

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    • Unilever Tea Kenya ground mount single-axis tracking solar installation in Kericho, Kenya. Credit: CrossBoundary Energy
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Source: CrossBoundary Energy |

CrossBoundary Energy secures US$40M in equity from Norfund and Norwegian pension fund, KLP, to expand Commercial and Industrial (C&I) portfolio across Africa

The secured funding is in addition to $40M in equity invested in CrossBoundary Energy by ARCH Emerging Markets’ Africa Renewable Power Fund in 2020

CrossBoundary Energy (www.CrossBoundary.com/energy/) is currently delivering over US$188M in projects, serving 30 corporate customers across 14 countries in Africa; US$40M of new equity funding from Norfund and KLP enables CrossBoundary Energy’s continued expansion; highlights the scale of the opportunity in the African C&I sector and CrossBoundary Energy’s position as a market-leader.…

CrossBoundary Energy
Source: CrossBoundary Energy |

Approved Solar System at Mozambique’s Balama Mine Reflects Priority of Energy Transition for Mining in Africa

CrossBoundary Energy is seeing increased demand for its hybrid power systems designed specifically for the mining sector

Momentum is growing in the opening quarters of 2022 for hybrid power solutions catered to the mining industry in Africa. The approval of a solar and battery system at the Balama Graphite Operation in Mozambique reflects a move towards cost savings and sustainability given increasing risks associated with global energy…

CrossBoundary Energy
Source: CrossBoundary Energy |

CrossBoundary Energy Access open sources their Project Financing Approach for Mini-grids to accelerate Energy Access for all in Africa by 2030

Mini-grids are a new and disruptive way to achieve energy access

600 million people across Africa lack access to affordable, reliable, sustainable energy; Mini-grids are a disruptive new approach that could accelerate energy access; The International Energy Agency (IEA) forecasts that mini-grids will be the least cost method to connect at least 264 million people by 2030; But to unlock their…

CrossBoundary Energy
Source: CrossBoundary Energy |

CrossBoundary Energy fully exits first fund at 15% net internal rate of return (IRR), raises $40M to continue to scale financed solar for businesses in Africa

$40M of new funding enables the scaling of CrossBoundary Energy’s commercial & industrial solar services to provide many more African businesses with access to cheaper, cleaner power

CrossBoundary Energy (www.CrossBoundary.com/Energy) is currently operating or delivering $57M in assets, serving 20 customers across 8 countries in Africa, including more than 40MW of fully financed solar PV and 10 MWh of battery storage projects; transaction provides an exit for initial investors at 15% IRR and provides a powerful proof…