CrossBoundary Energy has raised USD 200 million in senior debt to expand its renewable energy infrastructure portfolio across Africa, targeting commercial, industrial, and mining sectors. The financing, led by the Standard Bank of South Africa, brings new lenders including Absa CIB, The Mauritius Commercial Bank, the facility for energy inclusion, DEG, and FMO. The funds will support projects such as the 30 MW Kamoa-Kakula Solar photovoltaic and battery energy storage systems. Baseload Project in the Democratic Republic of Congo, supplying continuous power to Kamoa Copper S.A. The initial USD 140 million tranche was recognised as IFLR’s Loan Deal of the Year in Africa in 2025. CBE received exclusive financial advisory from Cygnum Capital, while the lenders were advised by Trinity International LLP and others. The company also secured a USD 495 million guarantee framework from MIGA earlier this year.
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