A new US$200 million funding deal is giving extra impetus to renewable energy projects serving industry and commercial operations across Africa.

Moneyweb reports that privately owned, Kenya-based CrossBoundary Energy (CBE) supplies zero-capital-expenditure energy solutions to mining, heavy industry and telecoms companies.

A founding member of the African Solar Industry Association, it owns and operates renewable energy plants in the DRC, Zimbabwe, Sierra Leone, Kenya and Madagascar, among others.

Standard Bank South Africa is the lead arranger of the senior debt facility for CBE, with other lenders including Absa, the Mauritius Commercial Bank, the Facility for Energy Inclusion, German investment corporation DEG and Dutch entrepreneurial development bank FMO, reports Green Building Africa.

Meanwhile, according to the Moneyweb report, Absa Corporate and Investment Banking (CIB) is committed to US$100 million in funding for CBE across three tranches – early works, equity bridge and senior debt.

The funding is expected to support large-scale projects such as the solar PV and battery storage baseload facility for the massive Kamoa copper mine in the DRC.

Earlier in November, CBE committed itself to having US$1 billion worth of renewable energy projects under operation or construction by 2030.

Its current projects include operating and maintaining a 13.9 MWp solar PV plant at Zimbabwe’s Blanket gold mine and building Madagascar’s first-ever wind farm to supplement CBE’s 8 MWp hybrid solar PV and battery plant powering Rio Tinto’s QIT Madagascar Minerals mine.

2 December 2025
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