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Home » New Clean Energy Fund Grows in Africa
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New Clean Energy Fund Grows in Africa

By Lakshita Kapoor Mon, Apr 7th, 2025
Saudi Arabia to Supply 30 Million Carbon Credits to Enowa
Saudi Arabia to Supply 30 Million Carbon Credits to Enowa
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Inspired Evolution, a clean energy investment firm, completed fundraising for its Evolution III Fund last week. The fund reached $238 million. It will be used for clean energy projects in Africa. The company focuses on energy access, renewable infrastructure, and energy efficiency.

The fund is set to invest in various countries in Africa. It continues the work started by two earlier funds. Evolution III aims to support clean energy projects in cities, towns, and rural areas. The firm did not list project names or locations in the announcement.

In addition to the fund, other smaller renewable energy projects are active in different parts of Africa. Many of these have not been widely reported.

In Rwanda, a 5-megawatt solar mini-grid started operation in Nyagatare District in early 2025. It serves homes, small farms, and businesses. The system includes battery storage to provide energy at night.

In northern Ghana, a solar irrigation project has expanded. It now covers over 1,000 hectares of farmland. The project uses about 2.5 megawatts of solar panels to power water pumps. This helps with dry season farming.

In Kenya, 200 schools in rural areas were fitted with rooftop solar panels. Each school uses a 10-kilowatt system. These systems power classrooms and water systems. The total installed capacity is around 2 megawatts.

In Malawi, a small wind project is now running in Mzimba District. It includes three turbines, each with 200-kilowatt capacity. The wind power supports a nearby health clinic, water boreholes, and village lighting.

In Namibia, a battery storage unit of 1.2 megawatt-hours was added to an older solar site near Gobabis. This helps balance energy supply during evening hours. These local energy projects are increasing access to electricity in rural and remote parts of Africa. They also support agriculture, schools, and healthcare.

Africa Clean Energy Fund Investments Middle East
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Lakshita Kapoor
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