CrossBoundary Access Acquires Mini-Grid Projects from ANKA in Madagascar
CrossBoundary Access has acquired four mini-grid projects from ANKA in Madagascar, which include 1.7MW of solar PV and 5.6MWh of battery storage, benefiting thousands in the Atsimo-Andrefana region. This acquisition is part of a US$20 million partnership aimed at providing power to over 62,000 people, aligning with Madagascar's national energy priorities and the Mission 300 Initiative. CrossBoundary Access will hold the majority stake, while ANKA retains a share in the project.
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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.
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