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.…
Sebastian Deschler, our General Counsel and Charles M Eberly, Head of Clean Power Advisory, attended Hydro 2019, in Porto, Portugal. Sebastian presented “Mpatamanga – An Innovative Way to Bring Large Scale Hydropower PPPs to Market and a Unique Opportunity for Potential Sponsors.” Mpatamanga, a 350MW peaking hydropower project on the Shire River, is central to the Government of #Malawi's strategy...
James Shoetan, our Energy Regional Portfolio Lead was thrilled to participate in a panel at the African Energy AIX Conference in Nairobi, with Monya Bassingthwaighte from responsAbility Investments AG and Geoffrey Ronoh from OFGEN. They discussed the drivers of solar power adoption and solar financing for East African businesses and potential solutions to help boost private investment into solar in...
Leading Nigerian newspapers, Leadership Nigeria, The Nation Nigeria, The Punch Newspapers, ThisDay and Vanguard, covered our announcement to deliver a 600KW rooftop solar plant for Actis’ Jabi Lake Mall. We are already installing a 650KW solar rooftop plant at the Ibadan facility of Nigerian Breweries Plc (a Heineken subsidiary). With our fully financed solar Power Purchase Agreements, we are providing...
Jabi Lake Mall, Abuja’s one-stop leisure, restaurant and retail destination, brought to the market by Actis, a leading emerging market investor, today announced an agreement with CrossBoundary Energy (CBE) to become the first solar-powered mall in Nigeria. Actis previously collaborated with CBE on implementing the largest solar carport in Africa at Garden City Mall in Nairobi. …
CrossBoundary Energy was delighted to sign a fully financed Power Purchase Agreement with XFlora Group, providing their 4 rose farms in Nakuru, Kenya with cheaper and cleaner solar energy. Each year the solar plant will produce 750 GWh and reduce CO2 emissions by 450 tonnes per annum.
Nigerian Breweries Plc (NB) and CrossBoundary Energy are today announcing the signing of Heineken’s first solar project in Africa. CrossBoundary Energy will be installing and operating a 650 kW solar plant located at NB’s Ibadan Brewery, which will be operational in 2019. The landmark project is the first of its kind for Nigeria – a fully-financed solar Power Purchase Agreement...