Deal Summary
CrossBoundary Energy (CBE), a division of CrossBoundary Group, secured a $140 million senior debt facility from Standard Bank of South Africa (Standard Bank), the first tranche of a $300 million senior debt mandate with Standard Bank to help CBE scale its Commercial and Industrial (C&I) renewable energy portfolio across Africa. Established in 2015, CBE specialises in financed renewable energy solutions for commercial and industrial (C&I) clients across Africa. CBE has offices in multiple African countries, including Kenya, Nigeria, and South Africa, and currently manages a portfolio of $570 million in projects across 18 African countries, featuring 330 MW of solar and wind assets and 178 MWh of battery energy storage. Standard Bank, which previously committed $20 million to a $50 million debt facility supporting CBE in 2023, structured this new funding as fully underwritten senior debt, underscoring its confidence in CBE’s ability to deliver impactful and scalable renewable energy solutions.
