, will comprise a portfolio of over 220 MW of operated and contracted generation capacity, with 40 MWh of battery storage, and an additional pipeline exceeding 1 GW. Starsight was the first renewable energy company in Nigeria to secure carbon credit accreditation, while SolarAfrica was named African Solar Company of the Year during 2021.
Starsight Energy was founded in 2015 and is backed by Helios and AIIM, a member of Old Mutual Alternative Investments. It offers renewable energy and cooling solutions to the C&I sectors, with market leading operations in east and west Africa. Starsight has over 656 sites in Nigeria, Kenya, and Ghana.
SolarAfrica has already positioned itself as a competitive player in the newly enabled power wheeling space, having recently signed up large blue chip customers. The group is now well positioned to service large power users with a lower cost electricity alternative from a recently developed centralized solar generation site, taking advantage of South Africa’s newly revised regulations permitting wheeling and self-generation of up to 100 MW by private generators.
“The merger will enable efficiencies across the group, ranging from procurement to funding, and further allow for the rollout of our proprietary technology platform across the continent. These efficiencies will assist the group in providing a unique and valuable offering, that takes customers on a green energy journey to solve their power struggles and enables a sustainable future for their businesses,” says David McDonald, SolarAfrica Energy co-founder and Chief Executive Officer.