CrossBoundary Energy

CrossBoundary Energy will develop a hybrid solar PV, BESS and thermal energy project at the Baomahun gold mine in Sierra Leone.

Bank of America and CrossBoundary Energy will explore financing solutions to expand the latter’s renewable energy portfolio across Africa, the commercial and industrial (C&I) solar developer announced at the COP27 conference this week.

With inaccurate irradiation data potentially impacting profitability estimates of PV projects in Africa, calls have been made for solar players to invest in more accurate measurement tools and work together to support the commercial and industrial (C&I) sector’s growth.

Unreliable methods of calculating irradiation in Africa could slash energy savings for commercial and industrial (C&I) solar buyers and reduce investment returns for developers and investors, new research has suggested.