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…