CrossBoundary Energy Raises Funds for African Solar Powered Mini-Grids
22 June 2022 | Nigeria
Africa's first project financing facility for mini-grids, CrossBoundary Energy Access, announced $25 million in new funding commitments from ARCH Emerging Markets Partners Limited, Bank of America, and Microsoft Climate Innovation Fund. This investment will leverage an additional $25 million to deploy $50 million of capital into CBEA's near-term pipeline of solar powered mini-grids.
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