The Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has committed $6 million in debt financing to CrossBoundary Energy, Sub Saharan Africa’s first investment fund for commercial and industrial solar. …
Our investment platform, CrossBoundary Energy, has over 28 MWp of C&I projects under operation, construction or awarded the largest portfolio of such assets in Sub-Saharan Africa. With each new installation, we are building the infrastructure for Africa's renewable energy sector. We are proud to be at the forefront of Africas clean energy revolution
Our co-Managing Partner, Jake Cusack, says OPICs debt financing enables us to extend our Power Purchase Agreements across Sub-Saharan Africa. CrossBoundary Energy takes complete responsibility for project financing, delivery, and management of technical risk of the solar project.
http://www.crossboundaryenergy.com/news/2018/11/27/w5weh59jfj5lxtl2vyvg150o6zrl1j
Femi Fadugba, our Associate Principal was honored to speak at the third edition of Unlocking Solar Capital Africa in Kigali, Rwanda. He discussed CrossBoundary Energys landmark solar project with Unilever Tea Kenya; Unilevers first solar services agreement in Africa. Thanks to Solarplaza and GOGLA for organizing the event.
During todays knowledge exchange on blended finance, Kathleen Jean-Pierre, our Energy Vision and Delivery, presented as part of a panel with Duncan Onyango, Team Leader & Investment Lead at Sustainable Urban Economic Development Programme (SUED), Lilian Mramba, Regional Director for Africa, Grassroots Business Fund, and Njeri Kirumbi, Senior Investment Officer, BlueOrchard Finance Ltd. Ladé Araba, Africa Region Representative at Convergence...
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