Norfund and KLP Invest USD40m in Kenya’s CrossBoundary Energy

Source(s): CrossBoundary Energy

Norfund and KLP acquired an equity stake in CrossBoundary Energy, a Kenya-based commercial and industrial renewable energy company, for USD40m through their joint company KLP Norfund Investments. CrossBoundary previously raised USD40m in equity from ARCH Emerging Markets’ Africa Renewable Power Fund in 2020. Read more