CrossBoundary Energy Access Secures $25 Million to Build Solar-Powered Mini-Grids in Africa
CrossBoundary Energy Access (CBEA), Africa’s first project financing facility for mini-grids, has announced $25 million in new investment commitments from ARCH Emerging Markets Partners Limited, Bank of America, and the Microsoft Climate Innovation Fund. This investment will leverage an additional $25 million in senior debt to invest $50 million in CBEA’s pipeline of solar-powered mini-grids…