KEY POINTS
- CrossBoundary Energy has secured 200 million dollars in senior debt to expand its renewable energy portfolio across Africa.
- The second financing tranche was led by Standard Bank with participation from six other international lenders.
- The capital will support industrial solar and storage projects, including a major plant under construction in the DRC.
CrossBoundary Energy has raised 200 million dollars in additional senior debt to accelerate the roll-out of its renewable energy portfolio across Africa, marking one of the largest financing boosts for commercial and industrial clean power on the continent this year.
The company, which specialises in providing energy-as-a-service to miners, heavy industry and telecom operators, said the new funding will support both ongoing construction and future expansion of its solar and storage assets.
The capital forms the second tranche of a broader portfolio financing facility that was first arranged in December 2024.
The latest phase was led by Standard Bank of South Africa, with lending support from Absa, Mauritius Commercial Bank, the Facility for Energy Inclusion, the German development financier DEG and the Dutch development bank FMO. Negotiations for the tranche were concluded amid rising investor interest in off-grid and embedded power solutions for Africa’s energy-intensive sectors.
Second tranche adds momentum to a flurry of 2025 deals
The new debt package builds on a series of commitments CrossBoundary Energy secured earlier in 2025 from Norfund, Impact Fund Denmark and the Emerging Africa and Asia Infrastructure Fund. In July, the World Bank’s MIGA also approved a 495-million-dollar guarantee framework for the company, giving it additional risk cover as it expands into politically and economically volatile markets.
Founded in 2011, the CrossBoundary Group was created to unlock capital for underserved regions, and its energy arm now finances and operates fully-funded renewable systems for corporate clients across the continent. The company’s projects are structured to remove upfront costs for businesses, offering predictable long-term power contracts that help firms reduce diesel dependence and lower emissions.
One of the most advanced assets under construction is the Kamoa-Kakula solar-plus-storage project in the Democratic Republic of the Congo. When completed, it is expected to deliver 30 megawatts of baseload power to Kamoa Copper SA, one of Africa’s fastest-growing copper producers. The company says projects like this demonstrate the scale of industrial demand for clean and reliable electricity.
Executives have argued that corporate renewable energy remains one of the most effective ways to cut carbon output and stabilise power supply in countries where grid infrastructure remains weak. The latest financing, they added, will allow the developer to deepen its presence in markets where long-term capital has historically been scarce.
