CrossBoundary Energy has secured USD 200 million in additional senior debt to support its growing portfolio of renewable energy projects across Africa. The company, which focuses on providing energy-as-a-service solutions, works with customers in sectors such as mining, heavy industry, and telecommunications. This new funding forms the second tranche of a portfolio financing facility that was initially closed in December 2024. The latest round was led by The Standard Bank of South Africa Limited, with further participation from Absa, The Mauritius Commercial Bank, the Facility for Energy Inclusion, DEG, and the Dutch development bank FMO.
This support adds to several other commitments the company has received in 2025. Earlier in the year, CrossBoundary Energy secured funding from Norfund, Impact Fund Denmark, and the Emerging Africa and Asia Infrastructure Fund. In July 2025, the company also finalized a significant USD 495 million guarantee framework with the World Bank’s Multilateral Investment Guarantee Agency. These financial commitments reflect strong confidence in the company’s efforts to expand renewable energy access in underserved regions.
The CrossBoundary Group was formed in 2011 with the aim of directing investment into markets that typically face difficulties attracting capital. Through its model, it provides fully financed and de-risked clean energy systems for corporate clients, helping them shift to more reliable and sustainable power sources.
One of its notable projects currently under construction is the Kamoa-Kakula solar-plus-storage facility in the Democratic Republic of the Congo. This project is designed to supply 30 MW of baseload power to Kamoa Copper, a major copper mining company in the region. With the new financing secured, CrossBoundary Energy is expected to continue expanding its renewable energy footprint across Africa, supporting industries that require stable and affordable power.
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