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Daystar to seek $100m over three years for West African solar projects

By David Whitehouse
Posted on Wednesday, 10 February 2021 12:43

Uganda Going Solar
Ugandan engineers fix solar panels at a solar plant in Soroti about 300 kilometers east of Uganda capital Kampala. (AP Photo/Stephen Wandera)

West Africa hybrid solar power solutions provider Daystar Power plans to raise about $100m within the next three years to satisfy existing client demand.

“The market size and funding gap is huge, and our role in bridging this gap will involve us continuously raising funds,” Olaedo Osoka, Daystar’s CEO for Ghana, tells The Africa Report. The funding will mostly be debt, and the amount sought in each fundraising will typically be around $20m, she adds.

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