CrossBoundary Energy Boosts Renewable Projects in Africa with $200 Mn Funding

CrossBoundary Energy (CBE) has secured an additional USD 200 million in senior debt, expanding its financing facility arranged by the Standard Bank of South Africa. This boost positions CBE to accelerate the development of renewable energy infrastructure across Africa, targeting commercial, industrial, and mining clients.​

The new tranche brings more lenders on board, including Absa CIB, The Mauritius Commercial Bank (MCB), the Facility for Energy Inclusion (FEI), DEG, and FMO. 

This latest commitment will support the construction of projects such as the Kamoa-Kakula Solar PV/BESS Baseload Project in the DRC, which is set to provide 30 MW of continuous, sustainable power to Kamoa Copper S.A., one of Africa’s largest copper mines.​

Innovative Financing and Industry Recognition

The financing arrangement, originally launched with a USD 140 million tranche in December 2024, was awarded IFLR Deal of the Year in the “Loan” category at the 2025 IFLR Africa Awards. 

The transaction exemplifies innovative portfolio financing, combining multiple facility types and attracting a consortium of leading financial institutions under the lead of Standard Bank of South Africa, CBE noted in an official statement.​

Impact 

CBE insists that its projects support critical sectors such as mining, telecommunications, and heavy industry, enabling reliable and cleaner power where grid access is scarce or unstable. 

The company received exclusive financial advisory from Cygnum Capital, while lenders were advised by Trinity International LLP, SLR Consulting, DNV South Africa, INDECS Consulting, and Deloitte & Touche LLP.​

The latest senior debt financing follows other commitments secured in 2025 from Norfund, Impact Fund Denmark, and the Emerging Africa and Asia Infrastructure Fund. In addition, the company also sealed a USD 495 million guarantee framework from the World Bank’s MIGA in July 2025.