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ARCH makes first investment in CrossBoundary Energy

ARCH Emerging Markets Partners Limited’s Africa Renewable Power Fund (ARPF) has made its first investment since its launch in 2019. Further transactions are expected in Q2, barring delays resulting from the Covid-19 pandemic. ARPF will invest $16.5m in commercial and industrial (C&I) solar company CrossBoundary Energy (CBE) to support the expansion of its operations. ARCH is the first institutional investor in CBE, which was the first fund established to finance commercial solar systems specifically in Africa.

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African Energy Gulf States Newsletter