CrossBoundary Energy (CBE) has secured an additional US$200 million in senior debt to expand its portfolio of renewable-energy projects across Africa. The financing, arranged as the second tranche of a facility led by Standard Bank, builds on an earlier round completed in December 2024 with support from Norfund, Impact Fund Denmark and the Emerging Africa and Asia Infrastructure Fund. These climate-focused investors back CBE’s model of fully financed solar and storage systems that industrial clients pay for through long-term offtake agreements rather than upfront capital.
The momentum intensified in July when MIGA approved a US$495 million guarantee to protect CBE’s assets from currency and transfer risks in high-volatility markets. This boost allows the company to deepen its work in sectors like mining, manufacturing and telecommunications, where unreliable grid supply and diesel dependence continue to drive up costs.
When successfully deployed, the new capital could strengthen industrial competitiveness, reduce carbon intensity and position decentralized renewable power as a bankable solution across African markets.
