CrossBoundary Energy gets new funding partner

August 19, 2025

Dear subscriber, this is a prototype. Please help us with feedback and tips. Just press reply.

CrossBoundary Energy (CBE) has secured a $40 million equity investment from Impact Fund Denmark to support its growing portfolio of clean energy projects in Africa. The company has been on a strong run of funding deals in 2025, having raised at least $145 million so far. Last month, it finalised a $495 million guarantee framework with MIGA.

  • CBE is currently building Africa’s first solar-plus-BESS baseload plant after signing the continent’s largest commercial and industrial (C&I) power purchase agreement with Kamoa Copper SA, the world’s fifth-largest copper mine in DR Congo.

  • New financing models that enable companies to adopt clean energy solutions without incurring upfront capital costs are gaining traction, and CBE is among the leaders in this shift.

  • Our take: CBE business model is proven reliable, and this will attract more funding… Read more (2 min)

As of August, the top 10 renewables companies have added at least 804 senior employees in the past 12 months. Sun King, an off-grid solar company, led the pack by adding over 180 senior staff, boosting its senior workforce by 14%. The company also recently secured a $156 million financing deal, the largest of its kind in Sub-Saharan Africa outside South Africa.

  • BBOXX ranks second among leading energy companies, having added 12 senior employees over the past twelve months. The company operates in 11 African countries, and its workforce has an average of 7.8 years of experience.

  • The Renewables Rising ranking is based on LinkedIn data for senior staff and combines several metrics, including staff size, growth, sales teams, experience, tenure, and education, to provide company workforce and recruitment insights.

  • Our take: The competition for senior expertise is still going to intensify as more companies look to secure stakes in a crowded sector… Read more (2 min)

Africa must avoid dependency and instead leverage Chinese capital to build competitive industries, expand renewables capacity, and strengthen export power through stronger trade rules and skills transfer, writes Rachel Irvine. In this opinion piece, she argues that it is time for African countries to negotiate deals as equal partners, not passive recipients.

  • Ms Irvine runs Irvine Partners, a public relations and integrated marketing agency specialising in technology and financial services.

  • Africa’s infrastructure requires more than $100 billion in annual financing, and no single partner can meet this need alone. But China’s willingness, scale, delivery capacity and proven track record make it an indispensable player in addressing the challenge, she says.

  • Click here for the full opinion article… Read time (3 min)

Panellists converge at the Youth Sustainable Development Network (YSDN) Conference in Nairobi, Kenya

 

Events

🗓️ Attend a webinar on jobs in financing Africa's green transition (Aug 21)

🗓️ Take part in the Renewable Energy and Energy Efficiency Webinar (Aug 21)

🗓️ Register for the C&I Energy + Storage Summit (Aug 28)

Jobs

👷🏻 Become Sungrow Southern Africa’s Field Service Engineer (South Africa)

💼 Join Kofa as a Finance Associate  (Kenya)

👨🏻‍💻 Lead fraud analysis at Sun King (Zambia)

Various 

☀️ Mauritius 60MW solar/BESS hybrid project gets funding

🌊 KTDA hydropower facility gets connected to the national grid in Kenya

⚡ Central African Republic starts construction of a 50 MW solar project 

Seen on LinkedIn 

Jacopo Licheri, Business Development Manager at Studio Santi, says, “21 years in renewable energy has taught me this: grid integration isn't just a technical challenge, it's the make-or-break factor for your project's success.”