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 $225 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 a $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 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 DEALS Reinvesting in energy that keeps Africa moving Absa Corporate and Investment Banking has partnered with Infinity Power (IPH) in a landmark US$372 million refinancing of an existing 368MW Bid Window 3 wind portfolio under South Africa’s Renewable Energy Independent Power Producer Procurement Programme (REIPPPP), including the Noupoort Wind Farm, Loeriesfontein 2 Wind Farm and Khobab Wind Farm, located in the Northern Cape. Read more DEALS Bridging markets to unlock bold ambitions Absa Corporate and Investment Banking (CIB) acted as the sole South African bank appointed as Global Coordinator, Joint Bookrunner and Dealer Manager in the successful issuance of a US$500 million international bond for Bidvest. Read more
