SolarAfrica Energy and Starsight Energy have announced the successful completion of their business merger, allowing it to become a pan-African clean energy platform providing on- and off-site renewable energy solutions to commercial and industrial customers. The merger is backed by Helios Investment Partners (“Helios”) and African Infrastructure Investment Managers (“AIIM”), both of which have decades-long track records of bringing investment to support African innovation.
The merged group consists of an installed and contracted portfolio of 520MW in solar power generation and 60MWh of battery storage which, collectively, have led to a carbon offset of more than 360 000 tonnes of CO2; it also has an additional energy pipeline exceeding 2GW, employs 275 people and operates in seven African countries.
With the merger, the group is well-positioned to serve a wide range of customers with a comprehensive mix of cost-effective solutions, providing power security and carbon reduction. Customers across Africa can access fully serviced clean energy solutions through the merged group. This includes solar energy, battery storage, wheeling and energy management which are all operated and maintained on behalf of the customer.