- US$40M equity investment supports construction of renewable energy assets for mining clients.
- Focus on large scale projects in DRC and Sierra Leone as demand for reliable power grows.
- Transaction follows US$200M senior debt facility arranged by Standard Bank of South Africa Limited.
Inspired Evolution has committed US$40M to CrossBoundary Energy, reinforcing the developer’s expansion of distributed renewable energy solutions for the mining sector across Africa.
The investment will support the construction of CrossBoundary Energy’s growing portfolio, as the company advances several flagship projects aimed at delivering reliable and cost effective power to energy intensive operations.
The transaction was structured and executed with support from Cygnum Capital, which acted as financial advisor and fundraising partner to CrossBoundary Energy.
The capital injection comes at a pivotal stage for the company, which is progressing the Kamoa Kakula Solar and battery energy storage baseload facility for Kamoa Copper in the Democratic Republic of Congo. The project is set to supply one of Africa’s largest copper mining complexes with stable renewable power. In parallel, the company is preparing to commence construction of a hybrid energy project for the Baomahun gold mine in Sierra Leone, operated by FG Gold.
Inspired Evolution said the investment aligns with its strategy of backing scalable clean energy platforms capable of addressing Africa’s structural power deficits. The firm has mobilised more than US$1B and financed over 10 GW of clean energy projects across 21 countries.
CrossBoundary Energy said the funding validates its track record in delivering bankable renewable energy solutions in challenging markets and will enable further geographic expansion. The company continues to target commercial and industrial clients seeking alternatives to diesel generation and unreliable grid supply.
Cygnum Capital highlighted the growing importance of capital deployment into underserved markets, noting that well-structured investments can deliver both strong financial returns and measurable development impact.
The latest equity investment follows CrossBoundary Energy’s successful close of a US$200M senior debt facility in late 2025, arranged by Standard Bank of South Africa Limited. The financing forms part of a broader strategy to scale its portfolio of renewable energy assets across the continent.
Author: Bryan Groenendaal
