CrossBoundary Energy secures $140m from Standard Bank

CrossBoundary Energy has secured a $140 million senior debt commitment from Standard Bank of South Africa to scale its renewable energy portfolio across Africa. 

The financing marks the first tranche of a broader $300 million debt mandate with Standard Bank.

CrossBoundary Energy’s current portfolio spans 18 African countries, including 330 MW of solar and wind assets and 178 MWh of battery energy storage, valued at $570 million.

Jeanne-Marie Fatti of Standard Bank emphasized the growing demand for renewable-led energy systems in Africa and the bank’s commitment to financing innovators like CrossBoundary Energy. Pieter Joubert, president of CrossBoundary Energy, highlighted the transformative impact of scalable financing on unlocking power access and business growth across the continent.

The transaction received advisory support from Cygnum Capital, Bracewell (UK), and Trinity International.