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African mini grid financing facility closes on first $16m of an hoped-for $11bn

Shell Foundation and Rockefeller support $11bn African mini-grids fund

Crossboundary Energy Access – which claims to be the continent’s first mini-grid financing facility – wants to unlock $11 billion in private capital to bring energy to 100 million people in sub-Saharan Africa. Raising capital has been a struggle despite mini-grids being lauded as a solid solution for electrification.

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