Scaling Solar

Shell’s solar acquisition Daystar Power plans pan-African expansion

By David Whitehouse

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Posted on September 30, 2022 04:00

 © Photo supplied by Daystar.
Photo supplied by Daystar.

Daystar Power, the West African solar power provider being bought by Royal Dutch Shell, plans to expand across Africa once the acquisition is completed, says Olaedo Osoka, Daystar’s West Africa CEO.

Eastern and southern Africa are “attractive markets” with “huge potential,” says Ghana-based Osoka. “We can address those markets.” The company is aiming to increase its installed solar capacity from a current 32MW to 400MW by 2025.

African renewable energy providers are scaling up to target commercial and industrial customers as rising prices for fossil fuels prompt a search for cost savings. Nigeria’s Starsight Energy and South African-based SolarAfrica this month agree to merge to create a portfolio of 220MW of operated and contracted generation capacity, and a project pipeline exceeding 1GW.

Lagos-based Daystar provides renewable solutions to commercial and industrial clients. Management will stay in place under the agreement announced September 28. Financial terms were not disclosed, and the purchase is subject to regulatory approvals.  CEO and co-founder Jasper Graf von Hardenberg

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