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World Bank’s MIGA Backs $495 Million Guarantee to Boost Distributed Energy Projects in Africa

CrossBoundary Energy secures long-term coverage and financing support for portfolio spanning nearly 20 African countries
By 2 Mins Read
CrossBoundary Energy
Credit: CrossBoundary Energy

The World Bank’s Multilateral Investment Guarantee Agency (MIGA) has signed a $495 million guarantee agreement with CrossBoundary Energy Holdings to support the development of distributed energy solutions across nearly 20 African countries, the institutions announced. The portfolio guarantee covers risks related to currency non-convertibility and transfer restrictions and is structured to accelerate the rollout of

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