energy
23.04.2026
Announcement
23.04.2026
Announcement

Inspired Evolution backs CrossBoundary Energy’s growth through new investment

Key takeaways
Inspired Evolution, a specialized funder of African renewable energy, has confirmed a new US$40M investment in CrossBoundary Energy
The investment comes at a time when the firm is constructing major renewable energy plants for mining houses in Africa, particularly the DRC and Sierra Leone
The transaction was facilitated by Cygnum Capital, acting as financial advisor to CrossBoundary Energy
CrossBoundary Energy secured US$200M senior debt in late 2025, as part of a facility arranged by Standard Bank
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The investment company has committed a US$40M to CrossBoundary Energy, supporting the construction of its portfolio

London, 13 April 2026—Inspired Evolution has committed a US$40M investment in CrossBoundary Energy, supporting the construction of its portfolio. Cygnum Capital acted as CrossBoundary Energy’s financial advisor and fundraising partner in structuring and executing the transaction.

The investment comes as CrossBoundary makes significant progress on its Kamoa-Kakula Solar/BESS Baseload Facility for Kamoa Copper S.A. and nears the start of construction of a large hybrid energy project for Baomahun Mine in Sierra Leone for mining house FG Gold. The former will supply Africa’s largest copper mining complex, and the latter will supply Sierra Leone’s largest gold mine.
"This investment reflects our conviction in scalable solutions to Africa's power challenges. Having mobilised over US$1B 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."

Wayne Keast, co-founder and managing partner at Inspired Evolution
"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."

Tom Roberts, Principal and Head of Investment at CrossBoundary Energy

"We have enjoyed supporting CrossBoundary Energy with their capital strategy as the business has scaled its renewable energy platform across Africa. This transaction signifies the importance of capital deployment in underserved markets to generate both strong commercial outcomes and create real impact"

Felix Brand, Managing Director at Cygnum Capital

In November 2025, CrossBoundary Energy secured US$200M senior debt, closing a second tranche of a portfolio financing facility arranged by The Standard Bank of South Africa Limited (SBSA), first closed in December 2024.

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