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CrossBoundary Access and ANKA have finalized the acquisition of an asset company that owns four mini-grid projects in Madagascar. The portfolio includes 1.7MW of solar PV and 5.6MWh of battery storage, serving thousands of customers in the Atsimo-Andrefana region.

This acquisition is part of a US$20 million partnership announced in June 2025, aimed at financing, building, and operating mini-grids to provide power to over 62,000 people in Madagascar. CrossBoundary Access will be the majority shareholder, while ANKA remains a shareholder. The partnership is aligned with Madagascar's national energy priorities and the Mission 300 Initiative, and seeks to demonstrate the scalability and profitability of decentralized infrastructure while delivering universal energy access.