Equator Energy has a growing development pipeline and has set itself an ambitious target to develop, construct, and operate 300 MW of solar projects over the next five years.

Inspired Evolution’s Evolution III Fund has concluded a minority co-investment in Equator Energy's majority owned consortium, which provides commercial and industrial solar in East Africa.

IBL Energy and STOA, the other partners, completed their initial investment in Equator Energy in June 2023.

In a statement, the parties said, this partnership brings together seasoned professional teams across Africa with deep clean energy sector experience and renewable energy project development experience.

Equator Energy has a growing development pipeline and has set itself an ambitious target to develop, construct, and operate 300 MW of solar projects over the next five years.

Sebastian Noethlichs, CEO of Equator Energy, said: “We believe their collective expertise, capabilities, and industry experience will accelerate Equator Energy‘s growth trajectory to achieve the 300 MW target within five to six years.”