CrossBoundary Energy (CBE), a developer of distributed renewable energy solutions, announced on July 14, 2025, it secured a $60 million loan from Standard Bank South Africa. The financing will accelerate the development of a solar power plant designed to supply the Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC).

This funding will expedite the procurement of critical long-lead equipment. This includes battery energy storage systems (BESS), photovoltaic solar modules, and substations, aiming to reduce the commissioning time for the 223 megawatt-peak (MWp) plant. The plant will be coupled with a 526 megawatt-hour (MWh) storage system and ensure a stable 30 megawatt (MW) power supply to the mine.

Beyond equipment procurement, initial construction began in the second quarter of 2025 with geotechnical studies and site clearing. Completion is scheduled for mid-2026.

The plant, owned by CrossBoundary Energy, will supply electricity to the mining complex for 17 years under a power purchase agreement (PPA) signed with Kamoa Copper.

Located in Lualaba Province, Kamoa-Kakula is one of Africa’s most advanced copper projects. Its expanding operations require a continuous electricity supply. The site's power needs are expected to reach around 240 MW when phases 1, 2, and 3, along with the future smelter, are all running at full capacity by 2026. The solar-plus-storage project is a key initiative to secure a stable and decarbonized energy supply for the complex.

PM