Africa-Press – Namibia. OIL conglomerate Shell Plc through one of its subsidiaries has bought a solar solutions provider, Daystar Power Group, as it ramps up its ability to offer diversified energy.
In an announcement made last Friday, Shell said it acquired the company through Shell Overseas International BV.
According to the company, Daystar will provide businesses in West Africa with reliable energy, and help customers reduce power costs and pollution.
“Sub-Saharan Africa has abundant potential as a solar market, and the customer base Shell acquires through this deal will provide a firm foundation for potential growth,” the company says.
This deal was first announced on 28 September, and Daystar will operate as a wholly owned subsidiary of Shell under its existing brand within Shell’s Renewable & Energy Solutions business.
Shell is investing in building generation capacity globally.
Shell has over 46 gigawatts of renewable generation potential in its portfolio (Shell equity), including 2,2GW in operation, 3GW under construction/contract, and 40,9GW of potential capacity in its pipeline.
This ranges from utility-scale solar energy to innovative floating wind projects and integrated wind-to-hydrogen projects.
Namibian operations of renowned oil companies have also indicated they are aiming to produce other sources of energy, such as solar power.
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