CrossBoundary Secures $140M Investment

Key Figures & Findings: CrossBoundary Energy, an investment company dedicated to renewable energy projects across Africa, focusing primarily on solar, wind, and battery storage solutions headquarters in Mauritius, has secured a $140-million senior debt commitment from Standard Bank Group a prominent South African financial services group and the largest lender by assets in Africa, to scale its energy solutions across Africa. This financing is part of a larger $300-million plan, that aims to enhance the firm’s capacity to provide renewable energy systems for commercial and industrial (C&I) sectors across Africa.

Statistics & Insights: The funds will support CrossBoundary’s current portfolio, which spans 330 MW of solar and wind assets and 178 MWh of battery energy storage systems.

Future Implications: CrossBoundary could contribute significantly to Africa’s energy transition by accelerating renewable deployment, and supporting sustainable industrialization. If the full $300 million is realized, this could help enable broader renewable energy access across the continent, fostering business growth and environmental resilience.

Source: Renewables Now