Kenya-based CrossBoundary Energy Secures USD 40 M To Expand Clean Power In Africa

Kenya-based CrossBoundary Energy (CBE) has raised USD 40 M in equity-like funding from Impact Fund Denmark (IFDK) to accelerate its portfolio of renewable energy projects across Africa.

The investment will help the renewable energy provider ti deploy solar and battery storage solutions that provide reliable, affordable power to businesses in regions with weak or unstable electricity grids. Its zero-CapEx model allows companies to access clean power through long-term purchase agreements without heavy upfront investment.

“By supporting CrossBoundary Energy, we are contributing to sustainable development, reducing carbon emissions, and improving quality of life across Africa,” said Thomas Hougaard, Managing Director at IFDK.

CBE is currently building Africa’s first solar and battery baseload plant, backed by the continent’s largest commercial and industrial PPA with Kamoa Copper SA in the Democratic Republic of the Congo. The renewable project will supply stable power to the world’s fifth-largest copper mine, boosting production and regional impact.