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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.…

Sebastian Deschler Presents Mpatamanga Power Project at Hydro 2019
Sebastian Deschler presents ‘Mpatamanga’ at Hydro 2019

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 spoke at African Energy AIX Nairobi about solar financing for East African businesses
James Shoetan on a panel at the African Energy AIX Conference

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...

CrossBoundary Energy’s fully financed solar Power Purchase Agreements are providing cleaner, cheaper power for Nigeria’s corporate sector
Coverage of Jabi Lake Mall

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...

Actis’ Jabi Lake Mall partners with CrossBoundary Energy to become Nigeria’s first solar-powered mall
Jabi Lake Mall

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. …