CrossBoundary Energy, a renewable energy developer, secured a $140 million senior debt commitment from the Standard Bank of South Africa on a fully underwritten basis. The funding is being undertaken as a first tranche within a broader mandate with the Standard Bank of South Africa, which has been appointed to lead and arrange up to $300 million in senior debt. With this funding, the company plans to scale up its renewable energy portfolio and serve commercial and industrial (C&I) clients across Africa.