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Energy News

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

CrossBoundary Energy (CBE) today announced the exit of its first fund at a 15% net IRR to investors. ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) is providing $40M in new equity funding to exit existing investors and support CrossBoundary Energy to continue to develop, construct and operate distributed commercial & industrial (C&I) solar projects that will provide...

CrossBoundary Energy receives $16.5M funding commitment from ARCH Africa Renewable Power Fund to support commercial and industrial solar projects across Africa
CrossBoundary

CrossBoundary Energy has closed a US$ 16.5M equity commitment from ARCH Africa Renewable Power Fund as the first phase of a larger transaction that enables CBE to expand into new markets across Africa and deploy solar PV and battery storage solutions that reduce customers’ energy costs, improve power reliability, support job creation and lower carbon emissions. Read more.…