Solarcentury and CrossBoundary Energy join forces to boost solar uptake in African markets
Solar specialists Solarcentury and Energy investors CrossBoundary Energy have joined forces to offer financed solar solutions to a select portfolio of commercial and industrial customers operating in Africa.
The global rise of solar power as the lowest cost source of electricity is changing the energy landscape in Africa. Across the continent, solar power can help energy intensive businesses reduce their operating costs and compete more effectively in a global marketplace. The key features of a successful and viable solar project are first class engineering and well structured financing.
Businesses looking to purchase solar can now benefit simultaneously from the market leading expertise that both companies bring to the table. Solarcentury’s understanding of the technical challenges in integrating solar with an operating business and CrossBoundary’s experience of financing businesses operating in fast changing circumstances, combine to deliver a market ready viable solar solution to businesses in the region.
Dr Daniel Davies, Africa Director for Solarcentury commented “Solarcentury has been at the forefront of designing and building commercial scale solar PV plants in Sub-Saharan Africa. We have built the majority of commercial and industrial Solar PV plants in East Africa and we have seen businesses make considerable savings from day one of energising the PV plant. We now bring our substantial technical expertise and in partnership with CrossBoundary Energy, are able to provide a unique financing offer for any business in Africa.”
Matt Tilleard, Managing Partner at CrossBoundary Energy explained that “Our objective at CrossBoundary Energy is to provide financing to the best solar developers in Africa who are serving corporate customers, so we’re excited to be working with Solarcentury to bring African businesses cheaper and cleaner power.”