Row rect Shape Decorative svg added to bottom Distributed Energy. Powering Africa's low-carbon leap. Absa | Corporate and Investment Banking > Insights and Events > Distributed Energy. Powering Africa’s low-carbon leap SHARE Absa supports CrossBoundary Energy’s $200 million capital raise, contributing up to $100 million to expand renewable infrastructure, enable the mining of critical transition metals such as copper, and extend energy access across underserved African markets. Our partnership with CrossBoundary Energy (CBE) - one of the largest private power suppliers to the Commercial and Industrial sectors in Africa, providing zero-capex energy solutions to mining, heavy industry, and telecoms sectors on the continent, reflects Absa CIB’s commitment to driving the just energy transition and unlocking Africa’s economic potential through innovative financing. Through this $100 million financing solution, we are helping accelerate the delivery of clean, reliable, and affordable power to businesses that are driving economic growth and creating jobs across the continent. Structured across three tranches - early works, equity bridge, and senior debt facilities, the transaction enables CBE to expand its renewable energy portfolio in multiple African jurisdictions As Senior Debt Participant and Sole Equity Bridge Lender, we played a key role in unlocking capital that fast-tracks construction timelines, supports early mobilisation, and ensures long-term energy access. This financing empowers CBE to advance key projects that will deliver sustainable power to some of Africa’s largest commercial and industrial players. This partnership reinforces our continued commitment to financing Africa’s energy transition while promoting sustainable growth and energy access across the continent. Contact Ben Holland Contact Nikhil Kasiram https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Building Namibia’s fiscal strength through purpose-led partnership Supporting the Government of the Republic of Namibia with a ZAR 1.5 billion facility that enables Eurobond repayment obligations and strengthens domestic fiscal resilience. Read more DEALS Seeding success through inclusive partnerships Absa has partnered with HEINEKEN Beverages on a R1.2 billion initiative to support black-owned SMEs across South Africa. As the Fund Administrator, Debt Funder, and Strategic Enabler, Absa will manage two development funds - the Supplier Development Fund and the Enterprise Development Fund to empower at least 125 black-owned SMEs. Read more DEALS Partnering to continue harnessing wind power for a greener future Absa Corporate and Investment Banking (CIB) is proud to have acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider for the R5 billion financing of Seriti Green’s 155MW wind project, which will supply clean, reliable power to NOA over the next 25 years. NOA is a leading renewable energy independent power producer and aspirant energy trader owned by the Old Mutual Group through the Africa Infrastructure Investment Managers (AIIM) and the IDEAS Fund. Read more
