IFC proposes investment in CrossBoundary platform
The IFC has disclosed a proposed equity investment of up to $5 million in CrossBoundary Energy Access.
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The International Finance Corporation (IFC) has disclosed a proposed equity investment of up to $5 million in CrossBoundary Energy Access (CBEA).
CBEA is an investment platform that provides financing to developers of mini-grids and other decentralised renewable energy infrastructure assets across Africa. CBEA finances construction activities and directly owns these assets. The infrastructure is then operated by the developers, or another operator, under a long-term operation and maintenance contract.
The CBEA platform is managed by CrossBoundary Energy Access Management (CBEAM), which is part of the CrossBoundary Group, a consultancy and investment firm founded in 2011 with a mission to unlock commercial capital and support private sector-led growth in underserved markets.
CBEA is currently owned by ARCH Africa Renewable Power Fund (75%) and CBEAM (25%). IFC will become a shareholder of CBEA through this investment.
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