Public Management

Starsight Energy to expand into the East African solar sector

Starsight Energy to expand into the East African solar sector
Friday, 14 May 2021 21:18

Starsight Energy is expanding into East Africa by acquiring a 50% stake for an undisclosed amount in Premier Solar Group - a market-leading Commercial & Industrial solar company with a focus on Sub-Saharan Africa and South Asia.

The outcome of the acquisition will see the creation of a new unit named Starsight Premier Energy Group which will focus on providing sustainable power, cooling, and battery storage to commercial and industrial customers in Rwanda, Kenya, Tanzania and Uganda

“We are excited to be partnering with Premier Solar Group in East Africa. The newly formed company will deliver significant financial capacity to the region’s energy efficiency market and offer new and existing clients an unprecedented opportunity to scale their sustainable power, cooling, and storage systems. Starsight Premier Energy Group will combine Starsight’s industry-leading service and technology with Premier Solar Group’s established footprint in Kenya. We look forward to bringing our unparalleled service and 99.9% uptime guarantee to the new C&I [commercial and industrial] clients in the region,” commented Tony Carr, Starsight Energy’s CEO.

The reliability and affordability of grid is an important issue in many African countries. According to the CEO, where reliable grid conditions exist, the costs for electricity could even be rather high in some countries. In turn, most parts of the continent have no grid at all. The rate of electrification and renewable energies installations still remain low, despite being the priority of most African countries' agenda.

According to the International Renewable Energy Agency, Africa has experienced growth at an average of 3.7% throughout the continent. Solar-based electrons and the absence of CO2 emissions can improve this expansion even better.  That being said, the move will be a gateway to promising solar markets to Starsight Energy.

Solange Che

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
BYD to reach 35 South African dealerships by early 2026, accelerating plan EV market share rises to 2.4%, driven by hybrids and consumer...
Government repaid about CFA1 200 billion from January to November 2025 Internal revenues reached CFA2 500 billion, equal to 105 % of...
Proparco offers a €1.5 million guarantee to support Teranga Capital’s SME investments. The mechanism lowers risk and backs a €3 million...
WAEMU banking liquidity increased by CFA1,700 billion ($3.02 billion) in one year, according to BCEAO Governor Jean-Claude Kassi...
Most Read
01

Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...

Cameroon: State Owned Telecommunication Company To Enter Mobile Money Market
02

Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...

AfDB Re-engages Eritrea With Strategy Focused on Infrastructure, Climate Resilience and Regional Integration
03

Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...

Malawi: New $100M Cement Plant Targets Forex Crisis but Faces Energy Reality
04

Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...

Nigeria Pursues Boeing, Cranfield Partnership to Establish Aircraft Maintenance Center
05

BYD plans to open 35 dealerships in South Africa by Q1 2026, earlier than initially scheduled...

South Africa: BYD Targets 35 Dealerships by End-March 2026
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.