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.” 

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According to Algeria Press Service (APS), the launch ceremony was presided over by the Minister of State for Energy, Mines and Renewable Energies, Mohamed Arkab.

International oil and gas companies have been invited to submit bids by November 26, 2026. This timeline will enable Sonatrach, Algeria’s state-owned oil company, to sign exploration contracts by January 31, 2027.

Following the successful Algeria Bid Round 2024, the 2026 round aims to align the entire process with Algeria’s hydrocarbons law. The legislation incorporates environmental commitments, including reducing gas flaring, controlling methane emissions from oil facilities, and advancing hydrogen and carbon capture projects.

Hydrocarbons remain central to Algeria’s economy. According to the International Monetary Fund, they accounted for an average of 92% of total exports and 43% of fiscal revenues in 2024.

Hydrocarbon export revenues reached $45.23 billion in 2024, down from $50.49 billion in 2023, according to Algeria’s central bank annual report published in September 2025. This decline highlights the need for Algeria to replenish its reserves to sustain revenues in the short to medium term.

Meanwhile, non-hydrocarbon exports are showing positive momentum, having grown by 16% in the first quarter of the current year compared to the same period in 2025.

The post Algeria launches 2026 bid round for seven hydrocarbon exploration blocks appeared first on Mining Business Africa.