CrossBoundary Energy is exploring financing solutions with Bank of America to rapidly scale its investments in renewable-energy solutions for commercial and industrial businesses across Africa.
CrossBoundary is currently delivering a portfolio of $230 million in projects for more than 30 corporate customers across 14 African countries. The company is the renewable-energy provider of choice for several market-leading companies in Africa, including Unilever, Diageo, Rio Tinto, Heineken and AB InBev.
The collaboration will support CrossBoundary's delivery of 255 megawatts of solar and wind generation and 50 megawatt-hours of storage projects.
“We are very excited to be able to share this news alongside Bank of America during COP27, hosted on the African continent, given our common goal of bolstering sustainable development in emerging markets,” said Matt Tilleard, co-founder and managing partner at CrossBoundary Group. “COP27 is an appropriate backdrop to art