Crossboundary Energy Access to receive US $11bn solar mini-grids fund

Crossboundary Energy Access (CBEA), Africa’s first project financing facilities for mini-grids, is set to receive a whopping US $11bn from investors to bring electricity to at least 100 million people on the continent. Gabriel Davies, Head of energy access at Crossboundary confirmed the reports and said the new financing facility attracted US $16m in its first close which was enough to fund mini-grids that could connect 170,000 people, according to the organization.

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