CBEA, a leading project financier of mini-grids in Africa, committed to invest in $60M of mini-grid projects developed by ENGIE Energy Access, a leading provider of energy access solutions inNigeria is Africa’s largest economy but more than 80 million people lack access to electricityThis transaction will finance construction of a portfolio of mini-grids, connecting over 150,000 people to power for the first...
CBEA will provide the private capital for the transaction. CBEA will invest this private capital alongside the Performance Based Grant funded by the World Bank and administered by Rural Electrification Agency and the Nigeria Electrification Project . people at a faster pace. Our agreement with ENGIE is one more milestone towards closing the gap on more than 600 million people in Africa who lack access to electricity.”says, “We’re excited to work in partnership with CrossBoundary Energy Access to finance this portfolio of mini-grids in Nigeria. This deal reflects our long term commitment as a leading provider of energy access solutions in Africa.
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