- CrossBoundary Energy (CBE) has secured a $60 million loan from Standard Bank South Africa.
- The financing will accelerate the development of a solar power plant designed to supply the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC).
This funding will expedite the procurement of critical long-lead equipment for the 223MW solar plant which will be coupled with a 526MWh energy storage system.
Beyond equipment procurement, initial construction began in the second quarter of 2025 with geotechnical studies and site clearing. Completion is scheduled for mid-2026.
The plant, owned by CrossBoundary Energy, will supply electricity to the mining complex for 17 years under a power purchase agreement (PPA) signed with Kamoa Copper. The solar-plus-storage project is a key initiative to secure a stable and decarbonized energy supply for the complex.
Author: Bryan Groenendaal
