Earlier this month, Starsight Energy and SolarAfrica have announced their merger to transform into one of the largest commercial and industrial (C&I) solar developers in Africa. The former has a regional footprint in East and West Africa, while the latter is mostly present in South Africa.
The merger will notably result in the establishment of a pan-African renewable energy services provider, focused on rooftop to large-scale solar projects and backed by Helios Investment Partners (Helios) and African Infrastructure Investment Managers (AIIM).
The merged entity will comprise a portfolio of over 220MW of operated and contracted generation capacity, and 40MWh of operational battery storage, with an additional generation pipeline exceeding 1GW.
Substantial funding is expected to be allocated to South Africa, where new regulations have recently permitted wheeling and self-generation of up to 100 MW by private generators.