Inspired Evolution invests $40m in CrossBoundary Energy to scale C&I renewables across Africa
Funding from Evolution III will expand solar, battery storage and hybrid energy projects, accelerating clean power for businesses across sub-Saharan Africa
Inspired Evolution, a specialist pan-African investment firm focused on clean energy infrastructure, energy, and resource efficiency growth investments, announced a $40 million investment in CrossBoundary Energy Holdings Ltd (“CrossBoundary Energy”), a leading 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 next-generation energy transition fund, Evolution III, 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.
The transaction reinforces Inspired Evolution’s commitment to supporting the energy transition across Africa by investing in scalable platforms that deliver clean energy infrastructure and unlock long-term value.
CrossBoundary Energy operates a vertically integrated platform that combines asset ownership with development and asset management capabilities, enabling it to deliver reliable, cost-effective, and sustainable power solutions to businesses operating in energy-constrained environments across the region.
CrossBoundary Energy has established a strong track record in deploying distributed energy solutions for multinational corporations. The company is increasingly expanding into the mining sector across Africa, building a robust pipeline of projects across multiple African jurisdictions. A notable example is the Kamoa-Kakula Copper Complex in the DRC, where they are developing a 233 MWp solar PV facility with a 526 MWh battery energy storage system, ensuring a 30 MW baseload power solution to support mining operations. This project highlights CrossBoundary Energy’s capability to deliver reliable, large-scale energy infrastructure in complex operating environments.
This capital commitment will accelerate CrossBoundary Energy’s mission to provide clean, affordable, and reliable power to commercial and industrial clients, reducing reliance on diesel generation and supporting decarbonization efforts across key African markets.
Wayne Keast, co-founder and managing partner at Inspired Evolution, remarked, “This investment reflects our conviction in scalable solutions to Africa’s power challenges. Having mobilised over USD 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.”
