Schneider, Inspired Evolution partner on African energy projects
Schneider Electric and Inspired Evolution, an energy solutions advisory firm, have signed a Memorandum of Understanding to accelerate the implementation of green and digital projects in select markets across Africa.
The agreement includes key areas of cooperation on renewable energy investment in Algeria, Egypt, Ghana, Kenya, Morocco, Nigeria, and South Africa.
The parties say, in a statement, that they will look for opportunities to fund, construct, and manage energy projects.
They also noted that the relationship will capitalise on both firms' strengths. Inspired Evolution will bring its investment and financing skills to the table, while Schneider Electric will deliver software solutions and technology to improve energy management, monitoring, and reporting.
“Through collaboration, innovative solutions and strategic investments, we can effectively empower underserved communities with access to clean energy and long-term opportunities,” says Amel Chadli, vice president, digital energy and EM software, Schneider Electric, MEA.
Steven Faure, partner, investment director, Southern African region, Inspired Evolution, adds: “The primary goal of our partnership with Schneider Electric is to drive sustainability and offer customers a broader and more efficient range of energy solutions. By combining Schneider Electric's technology and Inspired Evolution's investment advisory capabilities, we aim to make a significant impact in the clean energy sector.”