SolarAfrica and Starsight Energy announced the completion of their merger. The merged group is now set to become the leading pan-African clean energy platform providing on- and off-site renewable energy solutions to commercial and industrial customers.
The merged group consists of an installed and contracted portfolio of:
- 520 MW in solar power generation and 60 MWh of battery storage which, collectively, have led to a carbon offset of more than 360 000 tonnes of CO2;
- an additional energy pipeline exceeding 2 GW, employs 275 people and operates in seven African countries;
- the merged group is now set to become the leading 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); the merged group will provide serviced solutions including solar energy, battery storage, wheeling, and energy management, on a large scale, to customers across Africa;
- the group retains its existing regional management structure with in-country teams in each region.
The merged pair are now well-positioned to serve a wide range of customers with a comprehensive mix of cost-effective solutions, providing power security and carbon reduction.
The merger is backed by Helios Investment Partners and African Infrastructure Investment Managers, both of which have decades-long track records of bringing investment to support African innovation.
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.
The merged group’s mission is to make power accessible and affordable. The merger will unlock more efficiencies across the group allowing it to take more customers on a green energy journey that solves their power requirements and enables a sustainable future.