CrossBoundary Energy Secures $200M to Scale Renewables Across Africa

CrossBoundary Energy, a leading energy-as-a-service provider, has raised $200 million in debt financing to expand its renewable energy portfolio across Africa. This marks the second tranche of a financing facility arranged by Standard Bank, following an initial close in late 2024.

With this latest funding, the company’s total capital raised in 2025 reaches $820 million, including a de-risking facility from MIGA, highlighting the growing confidence of investors in Africa’s renewable energy sector.

The new funding round brings fresh lenders to the table, including Absa, MCB, FEI, DEG, and FMO, underscoring the strong international appetite for African clean energy projects.

The capital will primarily support new developments for mining, heavy industry, and telecoms, sectors that are increasingly seeking reliable, low-cost, and sustainable energy solutions.

Among the flagship projects to benefit is the Kamoa-Kakula solar and storage baseload project in the Democratic Republic of Congo, a landmark initiative that demonstrates the potential of renewables to meet industrial-scale demand on the continent.

Energy-as-a-service is gaining traction across Africa because it solves a persistent challenge: many companies and industries need dependable electricity without committing to large upfront capital expenditure.

Under this model, providers like CrossBoundary deliver bundled solutions, including financing, generation, and maintenance, while customers enjoy predictable, long-term pricing.

This approach is particularly effective in regions where grid reliability is inconsistent and where energy access is a major bottleneck for industrial growth.

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For CrossBoundary, the financing will accelerate its ability to deploy projects at scale, leveraging both solar and storage solutions to deliver baseload power, electricity that is reliable around the clock.

Unlike intermittent solar or wind systems, baseload solutions ensure that mining operations, factories, and telecom networks can continue operating without disruption, helping companies avoid costly downtime.

The broader significance of this financing goes beyond a single company. Africa’s renewable energy market is rapidly expanding, but access to capital remains a key constraint for developers.

Deals like this signal to other investors that African renewable projects can be both bankable and profitable, especially when backed by structured financing and risk mitigation instruments. It also reflects a growing trend where private capital is stepping in to fill the energy gap, complementing government-led initiatives and traditional infrastructure projects.

By unlocking capital at this scale, CrossBoundary Energy is demonstrating that energy-as-a-service can be a transformative force across Africa. Industrial clients benefit from clean, reliable power; developers gain faster project rollout; and the continent moves closer to reducing reliance on diesel and other fossil fuels, improving both economic and environmental outcomes.

As Africa continues to pursue industrialization, models like energy-as-a-service backed by robust financing are poised to shape the continent’s energy landscape for the next decade.

CrossBoundary Energy’s $200 million raise is a clear signal that renewable energy in Africa is ready for scale and sustainable growth.