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
Sovereign Trust Insurance will launch a rights issue to raise up to NGN 5 billion (USD 3.5 million). Nigeria’s new Insurance Industry Reform Act...
Burkina Faso plans fund to support senior entrepreneurship and economic activity Proposed support includes micro-loans, rural projects, and...
BADEA provides a $75 million term loan to Africa Finance Corporation to expand infrastructure financing capacity. AFC plans to channel the funds...
Afreximbank plans a $1 billion continent-wide single transit guarantee to cut customs delays and losses. A similar system already operates in...
Most Read
01

Anthropic, Rwanda’s government, and ALX launched Chidi, an AI mentor built on Claude. It wi...

Anthropic Partners with Rwanda, ALX to Deploy Claude-Powered AI Learning Companion Across Africa
02

(MCB) - The Mauritius Commercial Bank Limited (“MCB”) has successfully granted a strategic financing...

MCB deploys strategic financing to Invictus Investment to scale up its agro-food operations in Africa
03

S&P upgrades Zambia to CCC+ as debt talks advance and copper output rebounds. About 94% of $...

S&P Raises Zambia’s Foreign-Currency Rating to CCC+
04

Government, ESCWA, and experts meet to shape national framework Plan aims to fight corruption, c...

Mauritania Advances Blockchain Policy to Modernize Digital Public Services
05

MTN Innovation Lab hosts Africa HealthTech Export 2025 Bootcamp in Cotonou Event targets s...

Africa HealthTech Bootcamp Opens in Benin With Focus on Regulation and Startup Growth
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.