CrossBoundary Energy Access is pleased to announce $25 million in new funding commitments from ARCH Emerging Markets Partners, Bank of America, and Microsoft Climate Innovation Fund. This investment will leverage an additional $25 million in senior debt to deploy $50 million of capital into CrossBoundary Energy Access’s near-term pipeline of solar-powered mini-grids in Africa.

Distributed renewables, such as mini-grids, are key infrastructure needed to connect more than 600 million Africans who still lack access to electricity.

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CrossBoundary Energy Access Raises $25 Million