The additional $40 million investment marks Norfund’s second major commitment to CrossBoundary Energy and expands its African C&I energy portfolio, reinforcing its dedication to accelerating renewable energy solutions across Africa.

CrossBoundary Energy is a pioneering investment platform delivering clean energy solutions to serve growing energy needs to businesses throughout the Continent. With this latest investment, Norfund aims to further scale sustainable energy projects, enhance energy accessibility, and contribute to economic growth in underserved regions.

The Asafo & Co. team advising Norfund was led by partner Patrick Larrivé who was assisted by associates Othmane Mestari and Guy-Fabrice Holo. In 2022, Patrick and his team also advised Norfund on its initial $40 million investment in CrossBoundary.