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- CrossBoundary Energy secures $200m to scale
CrossBoundary Energy secures $200m to scale
Source: CrossBoundary
From the newsletter
Energy-as-a-service provider CrossBoundary Energy has secured $200 million in debt to expand its renewables portfolio across Africa. The deal completes the second tranche of a financing facility arranged by Standard Bank, following an initial close in late 2024. It brings the firm’s total raises in 2025 to $820 million, including the de-risking facility from MIGA.
This new raise brings in new lenders, including Absa, MCB, FEI, DEG and FMO. The funds will support new projects for mining, heavy industry and telecoms, including the landmark Kamoa-Kakula solar and storage baseload project in the DRC.
Energy-as-a-service is becoming a preferred model for firms that need reliable, clean power without heavy upfront costs. It offers stable long-term pricing for customers and helps developers like CrossBoundary scale faster through bundled financing.
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