Inspired Evolution, through its Evolution III Energy Transition Fund, has committed $30 million to Sedgeley Solar Group (SSG), a newly formed renewable energy platform in Southern Africa. This investment is part of a broader $60 million funding round led by a consortium that includes prominent development finance institutions FMO (Netherlands) and Swedfund (Sweden).
SSG is the result of a strategic consolidation between two established renewable energy companies—SolarSaver and Sedgeley. The merger creates a vertically integrated clean energy platform that combines SolarSaver’s extensive portfolio of contracted commercial and industrial (C&I) solar and battery energy storage systems with Sedgeley’s robust capabilities in engineering, procurement, construction (EPC), and operations. The integration positions SSG as one of the largest C&I energy providers in the region, with operations spanning South Africa, Namibia, Botswana, and Zambia.
The transaction also includes substantial re-investment from the founding teams and RMB Corvest, alongside new growth capital from the incoming consortium. This funding will be used to accelerate the deployment of additional C&I solar and storage systems, expanding access to clean, reliable, and cost-effective energy solutions across the region.
Tim Frankish, co-founder of both SolarSaver and Sedgeley, expressed enthusiasm about the partnership:
This new investment marks an exciting milestone in our mission to deliver reliable, affordable clean energy to commercial and industrial clients across the region. Our partnership with world-class investors like Inspired Evolution, FMO, and Swedfund provides both the capital and expertise to accelerate our expansion and deepen our sustainability impact.
Christopher Clarke, Managing Partner at Inspired Evolution, highlighted the strategic importance of the investment:
We are pleased to support SSG at a pivotal time when solar and battery solutions have become least-cost, accelerating clean energy infrastructure across the continent. SSG’s proven business model, experienced management team, and established footprint across the Southern African region make it an ideal investment platform for growth and impact.
Mauricio Magri, Investment Manager at FMO, emphasized the fund’s commitment to inclusive development:
We remain committed to a just and inclusive energy transition and private sector development and are proud to once again work with trusted partners to scale impact where it’s needed most.
Jonas Kolijn, Senior Investment Manager for Energy and Climate at Swedfund, added:
Access to dependable and affordable energy is essential for private sector growth, job creation, and climate resilience. Through this investment, we help strengthen energy security and support fossil-free economic growth in one of Africa’s key economic regions.
This strategic investment underscores the growing momentum behind clean energy solutions in Africa and the role of blended finance in scaling impactful infrastructure across emerging markets.
