{"id":49778,"date":"2023-08-10T15:09:40","date_gmt":"2023-08-10T15:09:40","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/solarafrica-starsight-energy-to-become-pan-african-renewable-energy-provider"},"modified":"2023-08-10T15:25:06","modified_gmt":"2023-08-10T15:25:06","slug":"solarafrica-starsight-energy-to-become-pan-african-renewable-energy-provider","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/all-news\/solarafrica-starsight-energy-to-become-pan-african-renewable-energy-provider","title":{"rendered":"SolarAfrica, Starsight Energy to Become Pan-African Renewable Energy Provider"},"content":{"rendered":"

Africa-Press – Rwanda. <\/strong><\/span>SolarAfrica Energy and Starsight Energy are pleased to announce the successful completion of their business merger.<\/p>\n

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.<\/p>\n

It is well-positioned to serve a wide range of customers with a comprehensive mix of cost-effective solutions, providing power security and carbon reduction.<\/p>\n

The merger is backed by Helios Investment Partners (\u201cHelios\u201d) and African Infrastructure Investment Managers (\u201cAIIM\u201d), both of which have decades-long track records of bringing investment to support African innovation.<\/p>\n

An expanded solutions portfolio unlocking simple and sustainable access to power<\/p>\n

Customers across Africa can access fully serviced clean energy solutions through the merged group.<\/p>\n

This includes solar energy, battery storage, wheeling and energy management which are all operated and maintained on behalf of the customer.<\/p>\n

The merged group\u2019s 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.<\/p>\n

\u201cThe supply of renewable energy in Sub-Saharan Africa is relatively fragmented with several suppliers in the market. This merger is a substantial step for us and will provide a true pan-African platform to deliver clean renewable energy in key economies,\u201d said Paul van Zijl, Group CEO.<\/p>\n

The merged group consists of an installed and contracted portfolio of 520 MW in solar power generation, 60 MWh of battery storage and an additional energy pipeline exceeding 2 GW. The portfolio has led to a carbon offset of more than 360 000 tonnes of CO2 to date.<\/p>\n

\u201cThis merger will enhance our current capabilities and allow us to deploy Energy and Cooling as a Service on a much larger scale. This is therefore a story of growth. Not only for Starsight Energy and SolarAfrica but also for the renewable energy landscape in Africa,\u201d Van Zijl added.<\/p>\n

In addition to key markets Ghana, Kenya, Namibia, Nigeria and South Africa, the group is working on imminent expansion into Tanzania and Uganda. It brings a range of renewable energy solutions to the table, with solar energy, battery storage and cooling at the top of the list.<\/p>\n

\u201cWe are excited about making a meaningful contribution to power supply on the continent through our on- and off-site solutions. This will help take pressure off national grids which have been under significant strain in many of the core African markets,\u201d said Charl Alheit, Group Chief Investment Officer.<\/p>\n

The merged group will retain a strong presence within the various countries to further strengthen its footprint across Africa.<\/p>\n

\u201cWe do not believe in a fly-in fly-out model and will have \u2018boots on the ground\u2019 in our geographies. Our country teams consist of dedicated in-country management as well as sales and technical teams who represent our ethos, whilst being supported by the wider group management,\u201d said Van Zijl.<\/p>\n

\u201cIt\u2019s important to have strong representation in each geography with teams who know and understand their markets and are passionate about transforming these markets into green energy hubs.<\/p>\n

That\u2019s something both SolarAfrica and Starsight Energy have always had in common: we know that the people in our business have always been the reason for our success, and this new chapter will be no different,\u201d Alheit concluded.<\/p>\n

For More News And Analysis About Rwanda<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Rwanda. SolarAfrica Energy and Starsight Energy are pleased to announce the successful completion of their business 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. It is well-positioned to serve a wide range of customers […]<\/p>\n","protected":false},"author":84,"featured_media":49777,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,31],"tags":[760,763,758],"class_list":["post-49778","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-miscellaneous","tag-africa-press","tag-africa-press-rwanda","tag-rwanda"],"yoast_head":"\nSolarAfrica, Starsight Energy to Become Pan-African Renewable Energy Provider - Rwanda<\/title>\n<meta name=\"description\" content=\"SolarAfrica Energy and Starsight Energy are pleased to announce the successful completion of their business merger. 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