CrossBoundary Raises US$16 Million for Mini-Grid Project Finance Facility
Posted On: 23 Jan 2019 | Source(s): CrossBoundary | 23 January 2019
Frontier market investment firm CrossBoundary has reached a first close for CrossBoundary Energy Access, an Africa-focused project financing facility for power mini-grids, with US$16 million in capital commitments. Investors in the first close include the Rockefeller Foundation and family office Ceniarth. The facility has a blended finance structure and will initially invest in mini-grids serving 170,000 people in Tanzania, Nigeria and Zambia.