DRC, CrossBoundary Secure $60M Deal

Key Figures & Findings: CrossBoundary Energy, an Africa-focused renewable energy investor, has secured a $60 million subordinated debt facility from Standard Bank South Africa to fast-track early-stage procurement for its 30MW hybrid solar and battery project in the Democratic Republic of Congo (DRC). The project, developed for Kamoa Copper S.A., will support the Kamoa-Kakula copper mining complex, one of the world’s highest-grade large copper operations. The deal builds on CrossBoundary’s previous $141 million senior debt facility, closed in 2024, and reflects the company’s ongoing collaboration with Standard Bank to accelerate renewable energy solutions in the region.

Statistics & Insights: The $60 million facility will support procurement for a 223 MWp solar PV plant and 526 MWh BESS. The 30 MW phase will operate under a 17-year PPA with Kamoa Copper.

Future Implications: If executed on schedule, the project could significantly reduce fossil fuel dependence at the Kamoa-Kakula mine by 2026 and position the DRC as a leader in large-scale hybrid renewables for industrial use. It may also establish a new benchmark for speed in infrastructure financing across sub-Saharan Africa.

Source: CrossBoundary Energy