ARCH Emerging Markets Partners’ Africa Renewable Power Fund (ARCH ARPF) has committed $16.5 million in equity funding to CrossBoundary Energy (CBE) to develop and finance new commercial and industrial (C&I) solar assets that will provide businesses across Africa with access to cheaper, cleaner power. This commitment represents the first stage of a larger transaction under finalisation by CrossBoundary Energy to scale solar for business across Africa.

CBE has pioneered the sol...