New mini-grid fund CrossBoundary Energy Access has closed its first transaction, with PowerGen Renewable Energy in Tanzania. The company is using a new project finance approach to mini-grids which it hopes will help increase the availability of finance in the sector, writes Dan Marks

Mini-grids may finally be ready to change the world. But the small, self-sufficient electricity grids that connect communities who have not been reached by the main grid are not a new technology …

CrossBoundary Energy Access (CBEA), Africa’s first project financing facility for mini-grids, is announcing its first transaction today to finance 60 mini-grids in Tanzania in partnership with PowerGen Renewable Energy, one of the sector’s leading mini-grid developers and operators …

Read why we believe The Economist should reconsider their doubts regarding the impact of electrification on the poor.…

Despite significant progress in access to electricity in Sub-Saharan Africa, there’s still a big gap in the region with over 600 million people lacking access to electricity and the biggest part of the blame is laid on lack of financing. CNBC Africa is joined by Gabriel Davies, Head of Energy Access at CrossBoundary Energy Access a recently launched financing facility...

CrossBoundary Energy Access (CBEA), Africa’s first project financing facility for mini-grids, announced its launch, with funding from The Rockefeller Foundation and Ceniarth. CBEA will initially invest $16 million into mini-grids serving 170,000 people, providing first-time power to homes and businesses. The focus is on markets with supportive mini-grid regulatory frameworks, such as Tanzania, Nigeria, and Zambia. CrossBoundary Energy Access has...

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