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 Enabling mining development to support South Africa’s economic growth Absa CIB acts as joint mandated lead arranger, hedge provider, account bank and facility agent for West Wits Mining’s Qala Shallows Gold Project Read more DEALS Backing bold growth in Ghana Across Ghana’s manufacturing and consumer goods landscape, the need to scale efficiently, strengthen local production and remain competitive continues to grow. Read more DEALS Powering South Africa’s energy transition through scalable infrastructure solutions Absa Corporate and Investment Banking partnered with Mulilo Energy Holdings on the financing of the 77MW / 308MWh Hartebeesfontein Battery Energy Storage System (BESS) project, acting as Joint Mandated Lead Arranger, Senior Lender, Hedge Provider and Agent Bank. Read more
