Mergers & Acquisitions

Starsight Energy and SolarAfrica to become one

By

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.

Read more

Shell acquires West Africa’s leading provider of hybrid solar power solutions

Shell has revealed its intention to acquire Daystar Power in a bid to deliver carbon emission reductions and power cost savings to commercial and industrial (C&I) businesses in Africa. The acquisition is expected to help Daystar Power further expand beyond West Africa and into East and Southern Africa, and help grow its installed capacity to […]

Cameroon’s SONARA restructures commercial debt with Vitol

Cameroon’s SONARA, which operates Central Africa’s biggest refinery, has reached a deal with oil trader Vitol to restructure its commercial debt. The deal had been in the making for some time as the state-owned refining company seeks to restructure its debt, which amounted to 3% of GDP and 6.6% of total public and publicly-guaranteed debt […]

Leave a Comment