CrossBoundary Energy secures US$40M in equity from Norfund and Norwegian pension fund, KLP, to expand C&I portfolio across Africa
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CrossBoundary Energy secures US$40M in equity from Norfund and Norwegian pension fund, KLP, to expand C&I portfolio across Africa
Read more
Targeting investments in renewable energy generation with selected transactions in other African energy transition markets.
This strategy capitalises on Africa’s energy transition market which is dominated by commercial and industrial, off-grid, and on-grid renewable power. Other African energy transition markets include grid infrastructure, energy storage, sustainable transport, circular economy, and sustainable fuels. With an ESG led focus, this strategy assists in accelerating a sustainable and just African energy transition.
This strategy focuses on closing the funding gap for renewable energy infrastructure across frontier markets. It seeks to act as a strategic partner to governments and local institutions in pursuit of their economic and development goals.
The strategy partners with experts, local and international, to source greenfield renewable energy sites across a range of renewable energy technologies. The strategy secures direct ownership in the renewable energy production sites that operate on-grid to provide a greater energy supply, drive forward energy transition, and help build energy independence in these growing markets. For each market of operation, the strategy is dedicated to seeking a positive impact by reinvesting in the local community.
