Page 13 - AfrElec Week 40 2022

AfrElec RENEWABLES AfrElec

Starsight Energy, SolarAfrica to

create pan-African C&I developer

LEADING East and West African renewable than 656 sites in Nigeria, Kenya and Ghana.
UGANDA energy provider Starsight Energy has announced It was the first renewable energy company in
its merger with South African solar energy ena- Nigeria to secure an international carbon credit
bler SolarAfrica to expand their operations into accreditation.
South Africa, African Business Communities SolarAfrica, founded in 2011, has already
reports. positioned itself as a competitive player in the
The merger will span three key geographical newly enabled power wheeling space, having
hubs of Eastern, Western and Southern Africa, recently signed up large blue-chip customers,
creating the first truly pan-African renewable says the statement. In 2021, it was named the
energy services provider, amidst a global drive continent’s leading solar energy firm receiving
towards greener, cleaner energy sources. the African Solar Company of the Year award.
The merged group, subject to regulatory According to Starsight, the demand for
approvals, will provide full-service renewable cost-effective and reliable power by C&I users
energy and energy efficiency solutions to the will continue to grow. This opens further oppor-
commercial and industrial (C&I) sector, Star- tunities in the renewable energy sector, particu-
sight said in a statement. larly in South Africa, where power supply is
The new entity, backed by Helios Investment expected to remain constrained with a substan-
Partners and African infrastructure Investment tial deficit of generation capacity.
Managers (AIIM), will comprise a portfolio of “This merger demonstrates our joint com-
over 220MW of operated and contracted genera- mitment to expand our footprint across Africa,”
tion capacity, and 40MWh of operational battery Starsight Energy chief executive Tony Carr said.
storage, with an additional generation pipeline “With SolarAfrica, the new combined group
exceeding 1GW. becomes one of the largest commercial pro-
Founded in 2015, Starsight offers sustainable viders of reliable and clean energy solutions to
energy and cooling solutions to the C&I sectors, the commercial and industrial sector across the
with operations in East and West Africa at more continent.”™

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