Gridworks, the UK’s developer and investor in African electricity networks, and New GX, the South African investment firm, have announced $40 million of new investment in the Gridworks portfolio company, Sustainable Power Solutions Investments (SPS).

SPS works with commercial and industrial (C&I) clients across sub-Saharan Africa to fund, develop, build and operate solar power technologies, including battery storage, that provide consistent, affordable clean energy. SPS has over ...