CrossBoundary Energy has secured a US$40 million investment from Impact Fund Denmark (“IFDK”) to expand its portfolio of clean energy projects in Africa.

The investment supports CBE's deployment of solar photovoltaic and battery storage projects in Africa. This investment will help CBE develop its growing portfolio of clean energy projects in Africa

Thomas Hougaard, Managing Director and Co-Head of Green Energy and Infrastructure at Impact Fund Denmark, said: “This investment is in line with our main goals: fighting climate change, supporting poor and fragile regions, and fostering growth in Africa. By supporting CrossBoundary Energy, we contribute to sustainable development, the reduction of carbon emissions and the improvement of the quality of life of African communities. We also see significant growth opportunities on the continent, where innovative energy solutions can unlock economic potential and foster inclusive progress.

CrossBoundary Energy (CBE), a leader in the development of renewable energy solutions for commercial and industrial customers in Africa, has secured a $40 million capital investment from Impact Fund Denmark (IFDK). This strategic funding will support the expansion of CBE's portfolio of clean energy projects on the continent, accelerating its mission to provide reliable, profitable, and sustainable energy to

Thomas Hougaard, managing director and co-head of green energy and infrastructure at IFDK, emphasized the alignment of the investment with the fundamental goals of the fund:

This investment is in line with our main goals: fighting climate change, supporting vulnerable regions, and fostering inclusive growth in Africa.