1. Products
  2. Solutions
  3. Insights+
  4. News & content
  5. About
-
  1. Products
  2. Solutions
  3. Insights+
  4. News & content
  5. About
  1. Launch

CrossBoundary Energy

Have updates for this profile?  Please contribute data

= Subscriber Access Only

You are viewing a preview of this profile. Request a Preqin Pro demo for full access to all profiles and underlying data.

With Preqin Pro, you gain an unobstructed view of all alternative asset class activity across institutional investors, fund managers, funds, portfolio companies, deals, exits, and service providers.

Year established

2011

Location

Nairobi Kenya

Primary Industry

Renewable Energy

About

Based in Nairobi, Kenya, and founded in 2011, CrossBoundary Energy also known as CBE is a developer and operator of renewable energy projects, intended to serve businesses in Africa. In July 2022, Norfund and KLP invested USD 40 million in CrossBoundary Energy. The firm is a member company of the CrossBoundary Group, and as of 2022, CBE is being led by its President and Chief Investment Officer, Pieter Joubert. CrossBoundary Energy owns and manages renewable energy power projects across Africa, enabling corporate customers access to clean energy through both power purchase options and lease agreements. As of July 2022, the company delivers a portfolio of more than USD 188 million of renewable energy assets (primarily solar energy assets) for 30 corporate customers including Unilever, Diageo, Rio Tinto, Heineken, and AB InBev. The firm’s assets comprise 150 MWp of solar PV (Photo Voltaic) assets, 50 MWh (Mega Watthour) of battery energy storage assets, and 12 MW (Mega Watt) of wind assets. CrossBoundary Energy intends to use the July 2022 funding to further scale its investments in renewable energy solutions for commercial and industrial businesses across Africa.
Current Investors
KLP, Norfund

Request a demo to show more

Primary Industry
Renewable Energy
Sub Industries
Solar Power, Wind Power
Website
www.crossboundary.com/energy
Verticals
Clean Technology
Company Stage
Mature - Growth Capital
Total Amount Raised
Subscriber access only

Deals

Deals Type
Growth
Deal Status Target (s) Deal Date Investor(s) Seller(s) Deal size (Mn) Enterprise value (Mn) Post-money valuation (Mn) EBITDA multiple (x) Revenue multiple (x) Lead partner (s)
Completed CrossBoundary Energy 14 Jul 2022
Displaying 1-1 of 1

Time to go Pro

Get Preqin Pro for unrestricted access to 600,000+ detailed profiles on fund managers, investors, funds, companies, and other alternative asset players. Unlock exclusive data on future plans, company financials, fundraising history, track records, and more.