Whenever I travel to some of the major capital cities in Africa, the first thing I notice is all the roofs and carports that are still not covered in solar panels. The solar rooftop market
, the Norwegian Investment Fund for developing countries, and KLP, Norway’s largest pension company, through their joint company KLP Norfund Investments AS.
CrossBoundary Energy provides tailored, fully financed renewable energy solutions to its corporate customers allowing them to avoid upfront capital expenditure and technical risks, while still benefiting from cheaper, cleaner, and more reliable power. CrossBoundary Energy is currently delivering a portfolio of $188M in projects for 30 corporate customers across 14 countries in Africa, comprising 150 MWp of solar PV assets, 50 MWh of battery energy storage assets, and 12 MW of wind assets.
Kristoffer Valvik, Investment Manager, Norfund, says, “We believe that distributed renewables are playing a critical role in driving towards the clean and sustainable growth of the commercial and industrial sector across Africa.
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