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
WAEMU foreign exchange reserves rose to about $33 billion by end-October 2025. Import cover increased to six months from 3.8 months in...
CardinalStone Capital Advisers plans to raise $120 million for its second SME-focused fund in West Africa. The International Finance...
CBK rates' cuts to 9.0%, is ending the 'rentier' era. Banks must now pivot from risk-free state bonds to private lending as inflation...
BNP Paribas entered exclusive preliminary talks with Holmarcom to sell its 67% stake in BMCI. Holmarcom already owns 2.41% of BMCI and acquired...
Most Read
01

Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...

Omer-Decugis & Cie Expands Mango Operations in West Africa
02

GSMA outlines reforms needed to meet targets of the New Technological Deal 2034 High mobile taxes...

GSMA Maps the Reforms Required for Senegal’s Digital Takeoff
03

M-Pesa accuses Ethio Telecom of blocking access to new Lehulum app App aims to offer unive...

M-Pesa Ethiopia Flags Access Issues on Regulator-Approved Lehulum App
04

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
05

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
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.