Inspired Evolution backs CrossBoundary Energy
The investment will fund solar PV, battery energy storage and hybrid projects for commercial and industrial clients across sub-Saharan Africa.
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Inspired Evolution has announced a $40 million investment in CrossBoundary Energy, a developer, owner, and operator of distributed renewable energy solutions for commercial and industrial (C&I) clients across sub-Saharan Africa.
The investment, made through Inspired Evolution’s Evolution III fund, will support the development, construction, and expansion of CrossBoundary Energy’s portfolio of renewable energy assets, including solar PV, battery energy storage systems (BESS), and hybrid energy solutions.
CrossBoundary Energy has established a track record in deploying distributed energy solutions for multinational corporations. The company is increasingly expanding into the mining sector across Africa, building a pipeline of projects across multiple African jurisdictions. A notable example is the Kamoa-Kakula Copper Complex in the DRC, where it is developing a 233 MWp solar PV facility with a 526 MWh BESS, ensuring a 30 MW baseload power solution to support mining operations.
Wayne Keast, co-founder and managing partner at Inspired Evolution, commented, “This investment reflects our conviction in scalable solutions to Africa’s power challenges. Having mobilised over $1 billion and financed more than 10 GW of clean energy projects across 21 countries, Inspired Evolution recognises bankable projects that translate capital into measurable impact, and we look forward to accelerating CrossBoundary Energy’s next phase of growth.”
Tom Roberts, head of investment at CrossBoundary Energy, remarked, “The investment from Inspired Evolution demonstrates a vote of confidence in our delivery capabilities and the track record we have already attained in Africa. Inspired Evolution’s experience in financing renewable energy projects will be invaluable and help us to expand our reach.”
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