CrossBoundary gets $25M for solar mini-grids in Africa

Kenya-based CrossBoundary Energy Access (CBEA), a mini-grid infrastructure investor, has raised $25 million from ARCH Emerging Markets Partners Limited, Bank of America and Microsoft Climate Innovation Fund to back renewable energy projects across the continent. In this round, ARCH made a $10 million equity investment as Microsoft and Bank of America injected $15 million mezzanine … Continue reading CrossBoundary gets $25M for solar mini-grids in Africa