CrossBoundary Energy Holdings
The CrossBoundary Group was founded in 2011 with a focus on unlocking capital for underserved markets. Our experience working in these markets exposed us to the difficulties faced by industrial enterprises that relied on expensive and unreliable grid electricity, and diesel generators.
Distributed renewable energy can address this problem—but technical risk and the availability of financing create barriers to renewable energy adoption. We sought to change this by making fully-financed and de-risked renewable energy solutions available for corporate clients in Africa. Our impulse was to start small and prove the viability of the model.
Our first project was Garden City Mall, located on the outskirts of Nairobi and the first LEED-certified mall in Africa. The project was commissioned in 2015 in partnership with Solarcentury Africa. Today, CrossBoundary Energy is proud to be delivering a portfolio of over US$285M of solar, wind, and storage projects for leading companies, including Actis, Diageo, Heineken, Rio Tinto, Syrah Resources, and Unilever.
Our team has grown to more than 50 professionals across Kenya, South Africa, Nigeria, Mauritius, and Australia, 80% of whom are African nationals.
These milestones are powerful endorsements of the role of distributed renewables and the potential of blended finance in unlocking new asset classes.
Using our unique Africa-first expertise to expand CrossBoundary’s renewable energy solutions beyond the continent, we believe distributed renewables are essential for charting a net-zero future.
(Source: Company)
