Climate investment firm Inspired Evolution has made a $40-million investment in distributed renewable energy company CrossBoundary Energy to accelerate the deployment of commercial and industrial renewable energy solutions across sub-Saharan Africa.

The investment 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 capital commitment will accelerate CrossBoundary Energy’s mission to provide clean, affordable and reliable power to commercial and industrial clients, thereby reducing reliance on diesel generation and supporting decarbonisation efforts across key African markets.

CrossBoundary Energy has established a strong 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.

An example is the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo, where the company is developing a 233 MW solar PV facility with a 526 MWh battery energy storage system, and thereby 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, says Inspired Evolution.

CrossBoundary Energy operates a vertically integrated platform that combines asset ownership with development and asset management capabilities, which enables it to deliver reliable, cost-effective and sustainable power solutions to businesses operating in energy-constrained environments across the region.

Further, 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.

“This investment reflects our conviction in scalable solutions to Africa's power challenges. Having mobilised more than $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,” says Inspired Evolution co-founder and managing partner Wayne Keast.

“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,” says CrossBoundary Energy investment head Tom Roberts.