Sedgeley Solar Group (SSG), a newly formed powerhouse born from the merger of SolarSaver and Sedgeley, announced a landmark $60 million equity raise.
Anchored by Inspired Evolution’s Evolution III Energy Transition Fund, which committed $30 million, and co-led by Dutch development financier FMO and Sweden’s Swedfund, the raise signals resurgent investor confidence in scalable, impact-driven clean energy platforms.
With follow-on participation from SSG’s founders and RMB Corvest, the capital will propel expansion across South Africa, Namibia, Botswana, and Zambia.
A Merger Built for Scale and Resilience
SSG’s formation marks a masterclass in strategic integration. By uniting SolarSaver’s extensive portfolio of commercial and industrial (C&I) solar and battery energy storage systems (BESS) with Sedgeley’s engineering, procurement, and construction (EPC) expertise, the group has created one of Southern Africa’s largest C&I energy platforms.
SolarSaver already operates more than 700 rooftop solar systems under long-term rent-to-own and power purchase agreements (PPAs), empowering retail, manufacturing, and tourism clients to cut diesel reliance with no upfront costs.
Meanwhile, Sedgeley’s rent-to-own model has democratised access to photovoltaic (PV) systems, making clean power viable for businesses navigating chronic load-shedding.
Together, the two form a vertically integrated provider uniquely equipped to deliver least-cost, reliable, fossil-free power, a critical advantage as C&I off-takers increasingly view renewables as both an economic and energy-security safeguard.
Investor Backing: A Vote of Confidence in Africa’s Energy Future
The rally behind SSG reflects a broader trend reshaping Africa’s energy markets. With solar and storage costs now at historic lows, investors are channelling capital into platforms that promise both returns and resilience.
“This new investment marks an exciting milestone in our mission to deliver reliable, affordable clean energy to commercial and industrial clients across the region,” said Tim Frankish, co-founder of SolarSaver and Sedgeley. “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, echoed the optimism:
“We are pleased to support SSG at a pivotal time when solar and battery solutions have become the least costly, accelerating clean energy infrastructure across the continent. SSG’s proven business model, experienced management, and established footprint make it an ideal platform for growth and impact.”
Mauricio Magri, from FMO, added:
“We remain committed to a just and inclusive energy transition and are proud to work with trusted partners to scale impact where it’s needed most.”
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And Jonas Kolijn of Swedfund emphasised the development lens:
“Access to dependable and affordable energy is essential for private sector growth, job creation, and climate resilience. This investment helps strengthen energy security and supports fossil-free economic growth in one of Africa’s key economic regions.”
This blended finance approach, pairing private equity with development capital, illustrates how DFIs and impact investors can mobilise private sector participation in Africa’s green transition, advancing both climate and competitiveness.
Catalysing a Renewables Surge
SSG’s raise is emblematic of the continent’s accelerating clean energy momentum. Africa’s renewable energy market, valued at $0.45 billion in 2025, is forecast to hit $4.2 billion by 2030, driven by a 56% CAGR amid falling technology costs and policy tailwinds.
By focusing on the C&I solar segment long overshadowed by utility-scale projects, SSG is filling a critical market gap.
Its model allows businesses to hedge against power outages, curb emissions, and lower operating costs, all while supporting national clean energy targets under Africa’s $2.8 trillion Paris Agreement commitments for 2020–2030.
The $60 million round aligns commercial performance with systemic transformation: more jobs, cleaner air, and greater energy sovereignty.
As Southern Africa’s clean energy wave accelerates, Sedgeley Solar Group’s story captures the new frontier of green investing: scalable, profitable, and purpose-driven.
Inspired Evolution Overview
Evolution III Fund is a flagship investment vehicle managed by Inspired Evolution investment management, focusing on high-growth opportunities across Africa. Investors can track the Evolution iii fund price and monitor performance through reports from Inspired Evolution.
The fund structure includes participation through Evolution III LP and builds on previous initiatives such as Evolution fund.
Operations are supported in strategic locations, including Evolution C&I Mauritius, under the oversight of Inspired Evolution investment management to ensure impact-driven returns.
Ronnie Paul is a seasoned writer and analyst with a prolific portfolio of over 1,000 published articles, specialising in fintech, cryptocurrency, climate change, and digital finance at Africa Digest News.
