SolarAfrica Energy and Starsight Energy have announced a business merger between the two companies to become the leading pan-African clean energy platform providing on- and off-site renewable energy solutions to commercial and industrial customers.
Details
The merger is backed by Helios Investment Partners (“Helios”) and African Infrastructure Investment Managers (“AIIM”).
The merged group’s mission is to make power accessible and affordable. The merger will unlock more efficiencies across the group allowing it to take more customers on a green energy journey that solves their power requirements and enables a sustainable future.
What They’re Saying
“The supply of renewable energy in Sub-Saharan Africa is relatively fragmented with several suppliers in the market. This merger is a substantial step for us and will provide a true pan-African platform to deliver clean renewable energy in key economies,” said Paul van Zijl, Group CEO.
“This merger will enhance our current capabilities and allow us to deploy Energy and Cooling as a Service on a much larger scale. This is therefore a story of growth. Not only for Starsight Energy and SolarAfrica but also for the renewable energy landscape in Africa,” Van Zijl added.
“We are excited about making a meaningful contribution to power supply on the continent through our on- and off-site solutions. This will help take pressure off national grids which have been under significant strain in many of the core African markets,” said Charl Alheit, Group Chief Investment Officer.
By The Numbers
The merged group consists of an installed and contracted portfolio of 520 MW in solar power generation, 60 MWh of battery storage, and an additional energy pipeline exceeding 2 GW.
The portfolio has led to a carbon offset of more than 360 000 tonnes of CO2 to date.
The Bigger Picture
In addition to key markets Ghana, Kenya, Namibia, Nigeria, and South Africa, the group is working on imminent expansion into Tanzania and Uganda.
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