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Matt Tilleard our co-Managing Partner at the EAVCA 4th Annual Conference
Energy Access News

Matt Tilleard our co-Managing Partner at the EAVCA 4th Annual Conference

At EAVCA’s 4th Annual Conference, Matt Tilleard, our co-Managing Partner, addressed the role of development and philanthropic funds in unlocking commercial capital for renewable investment and the varying risk/return profiles of different renewable generation sources; during the Renewable Energy Panel. The panel moderated by Hamilton Harrison & Mathews, also featured...
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Kathleen Jean-Pierre featured on the Bloomberg NEF Summit
Energy Access News

Kathleen Jean-Pierre featured on the Bloomberg NEF Summit

Kathleen Jean-Pierre, Vision & Delivery Lead, CrossBoundary Energy was on a panel at the Bloomberg NEF Summit telling the audience about our 30MW African Commercial and Industrial Solar pipeline.  Simbarashe Mhuriro, Oxygen Africa, Chris Weston, Aggreko, Charlotte Aubin, GreenWish Partners and Antoine Prédour, responsAbility Investments AG were also panellists. Takehiro...
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Matt Tilleard our co-Managing Partner at the EAVCA 4th Annual Conference
Energy Access News

Matt Tilleard our co-Managing Partner at the EAVCA 4th Annual Conference

At EAVCA’s 4th Annual Conference, Matt Tilleard, our co-Managing Partner, addressed the role of development and philanthropic funds in unlocking commercial capital for renewable investment and the varying risk/return profiles of different renewable generation sources; during the Renewable Energy Panel. The panel moderated by Hamilton Harrison & Mathews, also featured panelists from Astonfield Renewables, Omidyar Network and SunFunder

Kathleen Jean-Pierre featured on the Bloomberg NEF Summit
Energy Access News

Kathleen Jean-Pierre featured on the Bloomberg NEF Summit

Kathleen Jean-Pierre, Vision & Delivery Lead, CrossBoundary Energy was on a panel at the Bloomberg NEF Summit telling the audience about our 30MW African Commercial and Industrial Solar pipeline.  Simbarashe Mhuriro, Oxygen Africa, Chris Weston, Aggreko, Charlotte Aubin, GreenWish Partners and Antoine Prédour, responsAbility Investments AG were also panellists. Takehiro Kawahara, Bloomberg NEF, moderated

Matt Tilleard our co-Managing Partner at the EAVCA 4th Annual Conference

Matt Tilleard our co-Managing Partner at the EAVCA 4th Annual Conference

Energy Access News February 7, 2019
Kathleen Jean-Pierre featured on the Bloomberg NEF Summit

Kathleen Jean-Pierre featured on the Bloomberg NEF Summit

Energy Access News February 7, 2019
Mini-Grid Facility Announced-The Rockefeller Foundation and Ceniarth

Mini-Grid Facility Announced-The Rockefeller Foundation and Ceniarth

Energy Access News January 24, 2019
Femi Fadugba speaks at Unlocking Solar Capital Africa

Femi Fadugba speaks at Unlocking Solar Capital Africa

Energy Access News November 22, 2018
Matt Tilleard our co-Managing Partner at the EAVCA 4th Annual Conference
Energy Access News

Matt Tilleard our co-Managing Partner at the EAVCA 4th Annual Conference

At EAVCA’s 4th Annual Conference, Matt Tilleard, our co-Managing Partner, addressed the role of development and philanthropic funds in unlocking commercial capital for renewable investment and the varying risk/return profiles of different renewable generation sources; during the Renewable Energy Panel. The panel moderated by Hamilton Harrison & Mathews, also featured panelists from Astonfield Renewables, Omidyar Network and SunFunder

Kathleen Jean-Pierre featured on the Bloomberg NEF Summit
Energy Access News

Kathleen Jean-Pierre featured on the Bloomberg NEF Summit

Kathleen Jean-Pierre, Vision & Delivery Lead, CrossBoundary Energy was on a panel at the Bloomberg NEF Summit telling the audience about our 30MW African Commercial and Industrial Solar pipeline.  Simbarashe Mhuriro, Oxygen Africa, Chris Weston, Aggreko, Charlotte Aubin, GreenWish Partners and Antoine Prédour, responsAbility Investments AG were also panellists. Takehiro Kawahara, Bloomberg NEF, moderated

Mini-Grid Facility Announced-The Rockefeller Foundation and Ceniarth
Energy Access News

Mini-Grid Facility Announced-The Rockefeller Foundation and Ceniarth

CrossBoundary Energy Access (CBEA), Africa’s first project financing facility for mini-grids, announced its launch, with funding from The Rockefeller Foundation and Ceniarth.

CBEA will initially invest $16 million into mini-grids serving 170,000 people, providing first-time power to homes and businesses. The focus is on markets with supportive mini-grid regulatory frameworks, such as Tanzania, Nigeria, and Zambia.

CrossBoundary Energy Access has an innovative blended finance structure that demonstrates a pathway to unlocking more than $11 billion dollars for mini-grids needed from investors to connect at least 100 million people.

Over 600 million people in Sub-Saharan Africa still lack access to electricity. CrossBoundary conservatively estimates that at least 100 million of these people can be most cost effectively served by mini-grids today, and that using private sector development and investment could accelerate the buildout of those grids.

However, so far, private sector mini-grids have not attracted the needed funding. Like all energy infrastructure projects, mini-grids require a significant upfront investment while delivering predictable returns over a 10–15 year period. To scale, the capital provided must be long-term, affordable and accept lower yield returns. Operating in an emerging asset class with smaller balance sheets, mini-grid companies have so far struggled to raise that kind of financing.

CrossBoundary Energy Access bridges the gap to commercial scale, allowing private capital to invest today by blending it with patient equity from impact-first investors such as Ceniarth and development-focused debt from institutions such as The Rockefeller Foundation. The facility also allows private investors to invest in the projects themselves, similar to how most of the world’s 1,000 gigawatts of wind and solar projects have been financed.

  • Groundbreaking facility unlocking private capital for mini-grids in Africa, providing grid-quality power to rural households and businesses
  • First close on initial $16m facility to provide power to 170,000 people
  • Project finance solution key to unlocking the $11 billion+ needed to bring power to at least 100 million people in Africa
  • Use of blended finance mobilizes private capital to address SDG7

Private sector capital and private sector mini-grids have an essential role to play in achieving Sustainable Development Goal 7 (SDG7): Ensure access to affordable, reliable, sustainable and modern energy for all. CrossBoundary Energy Access is seeking additional equity investment to expand this blended finance vehicle that provides both social and financial returns.

Shell Foundation and UK aid, through the Transforming Energy Access programme, provided support to design and launch CrossBoundary Energy Access.

CrossBoundary was advised by Norton Rose Fulbright, and Rockefeller Foundation was advised by Simpson Thacher & Bartlett.

Gabriel Davies, Head of Energy Access at CrossBoundary, says, “Mini-grids are critical to achieving universal electrification in Africa at the least cost. We believe long-term project finance structures will allow mini-grids to scale. We’re building investment portfolios that will attract the long-term, infrastructure-type capital the sector needs from institutional investors.”

Ashvin Dayal, Managing Director, Power, The Rockefeller Foundation, says, “We’re proud and excited to be an early investor in the CBEA facility because it represents an ambitious, concrete effort to realize the comparative advantage mini grids have to serve over 100 million people in Africa. The opportunity cost of energy poverty is huge, both in terms of suppressed human wellbeing and lost economic development. We believe that CBEA brings a much-needed sense of urgency, and provides a platform for more effective public and private sector coordination that can transform the pace of last-mile electrification.”

Diane Isenberg, Director, Ceniarth, says, “We believe CrossBoundary Energy Access has developed a thoughtful, blended approach to the challenge of unlocking capital for the mini-grid sector.  We hope that as more data emerges to support the economics of the model, additional capital will flow into the sector at terms that allow us to gain increased leverage on our subordinate investment. ”

Sam Parker, Director, Shell Foundation, says, “Shell Foundation has been a strong supporter of mini-grids for almost a decade. We believe the sector is now ready for the larger scale infrastructure finance that will enable it to scale. We are supporting CrossBoundary Energy Access because we believe that its aggregation approach will catalyze the hundreds of millions of dollars of private capital that is needed, alongside public finance, to grow the sector.”

Matt Tilleard, Co-managing Partner, CrossBoundary, says, “This first close for CrossBoundary Energy Access is a first step towards unlocking the private and public capital needed to scale the mini-grid sector. At CrossBoundary we believe that distributed renewables will be crucial to powering African homes, businesses, and industries. Our role is to mobilize the financing to make it happen.”

Sebastian Deschler, General Counsel, CrossBoundary, says, “This facility is a template that can benefit the whole sector. CrossBoundary Energy Access will not invest in individual developers. Instead, it will acquire portfolios of mini-grid assets using low-cost, long-term project finance structures. This provides the sector with a repeatable model for accessing the project finance market that is needed for mini-grids to scale.”

Femi Fadugba speaks at Unlocking Solar Capital Africa
Energy Access News

Femi Fadugba speaks at Unlocking Solar Capital Africa

Femi Fadugba, our Associate Principal was honored to speak at the third edition of Unlocking Solar Capital Africa in Kigali, Rwanda. He discussed CrossBoundary Energy’s landmark solar project with Unilever Tea Kenya; Unilever’s first solar services agreement in Africa. Thanks to Solarplaza and GOGLA for organizing and inviting us to be part of such great discussions.