?? Investment Announcement ??
We are proud to announce our USD 45 million funding contribution to CrossBoundary Energy - a transformative commitment to accelerating commercial and industrial (C&I) renewable energy across Africa.
This investment will support CrossBoundary in developing a $500 million portfolio by 2027, expanding access to solar, wind, battery storage, and hybrid energy solutions across the continent. EAAIF’s financing will help provide reliable, cost-effective power where it's needed most - unlocking growth for industries and businesses facing high electricity costs and grid instability.
The investment is part of a broader US$300 million senior debt facility led and arranged by The Standard Bank of South Africa Limited, which recently underwrote US$141.5 million for the first tranche of the facility.
As EAAIF’s first C&I investment in Africa, this funding reinforces our mandate to deploy over USD 1 billion in debt capital to climate-positive infrastructure in Africa and Asia by 2028.
We’re proud to support CrossBoundary on this journey as it reshapes Africa’s energy landscape, supporting local industries to achieve long-term, green, sustainable growth!
EAAIF is a The Private Infrastructure Development Group company managed by Ninety One.
#C&I #InfraInvestmentAfrica #Pan-African #Renewables #Commercial&Industrial