Crossboundary Energy Access, an investment platform which is project financing solar-powered mini-grid projects in rural Africa, has secured US$50 million funding.
A grant of €20 million (US$22.66 million) has been made to Namibia’s government-owned electric utility company for the development of the African country’s first grid-scale battery storage project.
Two solar-plus-storage projects in Cameroon will be equipped with modular, pre-assembled generation and battery solutions from Norway-headquartered renewable energy power producer Scatec.
