CrossBoundary Access in Madagascar mini-grid deal
CrossBoundary Access and Anka have signed agreements to finance, build, and operate a $20 million mini-grid portfolio in Madagascar.
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CrossBoundary Access and Anka have signed agreements to finance, build, and operate a $20 million mini-grid portfolio in Madagascar.
This partnership will connect over 62,000 Malagasy people to electricity by 2026. The partnership covers the development, construction, and long-term operations of the mini-grids. The initiative marks CrossBoundary Access' first expansion beyond Nigeria.
The mini-grids integrate solar PV generation with battery storage to deliver reliable, grid quality electricity to homes, businesses and public facilities in areas that previously had no electricity access.
Camille André-Bataille, CEO and founder of Anka said, “This partnership with CrossBoundary Access marks a new milestone for Anka. It strengthens our ability to deliver reliable, clean energy to underserved populations and businesses and scale innovative solutions tailored to Madagascar’s context. CrossBoundary Access brings the financial architecture we need to accelerate our deployment while maintaining the community-centric approach at the core of our mission.”
Humphrey Wireko, managing director of CrossBoundary Access commented: “With over 60% of the population lacking electricity access, Madagascar is a compelling market for CrossBoundary Access and there is a tremendous opportunity to create impact at scale.
“Madagascar's mature and continuously improving regulatory framework provides the long-term certainty needed for infrastructure investment. This expansion demonstrates our commitment to financing renewable energy solutions across multiple African markets where conditions are right for sustainable mini-grid development.”
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