(Ecofin Agency) - 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