CrossBoundary Energy Secures US$200M In New Senior Debt From Multiple Lenders To Expand Its Renewable Energy Portfolio Across Africa

CrossBoundary Energy (CBE) has secured an additional US$200 million in senior debt after closing the second tranche of a portfolio financing facility arranged by The Standard Bank of South Africa Limited (SBSA). The first tranche of this facility was completed in December 2024. With this new financing, CBE has increased its total senior debt commitments and expanded the range of ancillary facilities available under the structure. This investment will support the continued development and construction of CBE’s renewable energy portfolio across Africa. The company provides energy-as-a-service to clients in sectors such as mining, heavy industry, and telecommunications.

Among the projects currently under construction is the major Kamoa-Kakula Solar PV and Battery Energy Storage baseload project in the Democratic Republic of Congo. Once completed, it will supply 30 MW of continuous baseload power to Kamoa Copper S.A., the largest copper mine in Africa. SBSA acted as the mandated lead arranger for the financing. The facility also received participation from a group of lenders that includes Absa, The Mauritius Commercial Bank (MCB), the Facility for Energy Inclusion (FEI), DEG (Deutsche Investitions- und Entwicklungsgesellschaft mbH), and FMO, the Dutch entrepreneurial development bank.

This innovative portfolio financing structure was recognized at the IFLR Awards for Africa in March 2025, winning the Deal of the Year in the Loan category. CBE was advised by Cygnum Capital, which served as the exclusive financial advisor. On the lenders’ side, advisory work was carried out by Trinity International LLP, SLR Consulting, DNV South Africa (Pty) Ltd, INDECS Consulting, and Deloitte & Touche LLP.

This financing builds on additional commitments that CBE received earlier in 2025 from Norfund, Impact Fund Denmark, and the Emerging Africa and Asia Infrastructure Fund. It also follows the company’s signing of a US$495 million guarantee framework with the World Bank’s Multilateral Investment Guarantee Agency (MIGA) in July 2025. The MIGA guarantee aims to significantly reduce risks related to currency inconvertibility and transfer restrictions across CBE’s operating markets.

The announcement comes just ahead of the G20 Leaders’ Summit in South Africa, where discussions around global cooperation and infrastructure investment will be major priorities. The lack of reliable and affordable electricity continues to be one of the biggest barriers to business growth and competitiveness across the African continent. Transactions like this demonstrate how international capital can support essential energy infrastructure, helping unlock economic opportunities and supporting long-term development across Africa.