Tag: mini-grids

“We build mini-grids”: explaining CrossBoundary Access’ project finance approach in 3 minutes

In this short Q&A, we explain what project finance is, how we use it to build mini-grids, and how our approach is based on the fundamental economics of bringing power to rural customers.

CrossBoundary Access open sources project financing tools used to finance over $80m of mini-grids in Africa

CrossBoundary Access is open sourcing the project financing tools they have used to structure and finance $80m of mini-grid projects.

What’s the Most Efficient Way to Deploy Mini-Grid Distribution Infrastructure?

Open Sourcing Infrastructure Finance for Mini-Grids

Time is running out to achieve SDG7 in Africa. Mini-grids have a critical role to play, but are not yet attracting the capital they need.

Nigeria’s Rural Electrification Agency partners with CrossBoundary Access and ENGIE Energy Access to extend clean energy connections to 15 rural communities

The Rural Electrification Agency (REA) is proud to announce a groundbreaking partnership with CrossBoundary Energy Access Assets Nigeria Limited, a subsidiary of CrossBoundary Access, a leading project financer of mini-grids in Africa, and ENGIE Energy Access Nigeria, a leading provider of solar home systems and mini-grid solutions.

Financial Model: Open Source for Mini Grids

CrossBoundary Access is open sourcing the two interlocking financing tools it has developed over the last 6 years – a financial model and project term sheets – to accelerate the flow of capital into the mini-grid sector.

Why we believe open sourcing our financing approach can accelerate universal energy access in Africa

Openly sharing information has accelerated the impact of innovation on people’s lives for centuries. The most radical and formalized example is the open source movement in software.

CrossBoundary Access and Mobile Power announce $10 million partnership to scale battery swapping services across Nigeria

4 October 2023, Nairobi, Lagos and Sheffield — CrossBoundary Access and Mobile Power are announcing a $10 million partnership to deploy MOPO Hubs in Nigeria, providing energy access to 300,000 people using an innovative battery service. CrossBoundary Access has committed an initial $2.25 million for the transaction, with the option to extend up to $10 million.

CrossBoundary Access’ Blended Finance Model Attracts $10 Million for Mini-Grids from AfDB’s Sustainable Energy Fund for Africa (SEFA)

19 September 2023, Nairobi — Africa’s first blended finance facility for mini-grids, CrossBoundary Access, announced $10 million in new funding commitments from the African Development Bank (AfDB) Sustainable Energy Fund for Africa (SEFA).

CrossBoundary Access speaks on decentralized renewable energy and mini-grids at side event for Africa Climate Summit 2023