KLP-backed Norfund led a $40m funding round in CrossBoundary Energy.

KLP-backed Norfund, a Norwegian investment fund, led a $40m funding round in CrossBoundary Energy, a developer, owner, and operator of distributed renewable energy solutions. “We are very excited to welcome Norfund and KLP as investors. Their commitment is aligned with our belief that the business sector across Africa should be able to benefit from cheaper, cleaner and more reliable power. This investment validates CrossBoundary Energy’s position as a trusted provider of customer-centric renewable energy solutions to the African business community. We look forward to drawing on Norfund’s significant experience as we seek to deliver an operational portfolio of over $300M in assets within the next 5 years,” Pieter Joubert, CrossBoundary Energy President and CIO.