Multinational - Crossboundary Energy Access Platform II

CrossBoundary Energy Access Platform (CBEA Platform) is a US$150 million, pan-African project finance facility specifically for solar mini-grids that invests equity and debt into bankable mini-grid portfolios. This innovative finance model aims to address key barriers to scaling mini-grid investments by aggregating diversified portfolios of mini-grid assets into a bankable project finance facility that can then attract long-term commercial capital at scale. CBEA Platform blends equity and concessional mezzanine debt at the platform level which is then invested as equity and shareholder loans into mini-grid projects (AssetCos). The mini-grids are constructed, operated, and maintained by partner mini-grid developers under long-term agreements. This project primarily contributes to climate mitigation results. As such, 100% of the total approved amount is attributed as climate finance, of which 100% is dedicated to mitigation.