CrossBoundary Energy win “Excellence in Climate Solutions” award

SF Partner CrossBoundary Energy (CBE) have been recognised with an Excellence in Climate Solutions Award by the Financial Times and International Finance Corporation. 

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CBE co-managing partners Jake and Tom accepting
the Excellence award in London
The award specifically recognised CBE’s “… work to improve the efficiency of solar asset financing across Africa,” and their pioneering role in the first industrial Power Purchase Agreements in Kenya, Ghana and Rwanda.

Jake Cusack and Tom Flahive, Co-Managing Partners at CBE, received the award at a ceremony in London in June. 

“We hope that this is just the beginning and we will be able to take forward a vision of cleaner and cheaper energy for African businesses,” said Jake.   
 
About CrossBoundary Energy

Shell Foundation has worked with CBE since 2015, in partnership with UK DFID, supporting them to demonstrate solar as a reliable and cost-effective power source for industry and expand its operations from Kenya to other African markets. 
 
CBE invests directly to build solar power plants that serve African enterprises, financing construction and ongoing maintenance in exchange for long term commitments from the customer enterprise to purchase solar power. 
Their solution eliminates the barriers to solar adoption by removing both upfront cost and the technical risk of solar for the client.
 

The Transformational Business Awards

The Financial Times and International Finance Corporation host the Transformational Business Awards each year to highlight ground-breaking, commercially viable solutions to today’s development challenges. 
For 2017, special attention was given to products and services that harness disruptive technologies and business models to achieve their sustainability objectives. 
 
“We wanted to shine the spotlight on companies that are doing things that are new and scalable, and ideally have started to move across countries,” said Samir Abhyankar, Partner at TPG Growth and member of the awards judging panel. 
“Companies nominated this year are providing greater amounts of finance to segments of the economy that so far haven’t had much access to finance; things like solar, climate, and energy.”
 
2017 saw nominations from 152 organisations involving projects in more than 84 countries.


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