NIGERIA – Starsight Energy, a commercial & industrial(C&I) solar power supplier, has announced its expansion into East Africa via the acquisition of a 50% stake in the East African operations of Premier Solar Group, a market-leading Commercial & Industrial (C&I) solar company with a focus on Sub-Saharan Africa and South Asia.
The transaction will see the creation of Starsight Premier Energy Group which will offer sustainable power and cooling-as-a-service and battery storage solutions to C&I clients in Kenya, Uganda, Tanzania, and Rwanda.
Founded in 2015, Starsight Energy is the leading technology-enabled African Commercial & Industrial (C&I) energy-as-a-service provider. It has deployed 41 MW of installed generating capacity, 33 MWh of battery storage, and 16,320 HP in cooling capacity across 547 sites in all Nigerian states and Ghana.
“We are excited to be partnering with Premier Solar Group in East Africa. The newly formed company will deliver significant financial capacity to the region’s energy efficiency market and offer new and existing clients an unprecedented opportunity to scale their sustainable power, cooling, and storage systems,” Starsight Energy CEO Tony Carr, said.
“Starsight Premier Energy Group will combine Starsight’s industry-leading service and technology with Premier Solar Group’s established footprint in Kenya. We look forward to bringing our unparalleled service and 99.9% uptime guarantee to new C&I clients in the region.”
Starsight Energy is the leading C&I solar power provider in West Africa with 41 MW of installed generating capacity, 33 MWh of battery storage, and 16,320 HP in cooling capacity across 547 sites in Nigeria and Ghana.
“Following our recent expansion into Ghana, this investment marks a significant step in Starsight Energy’s growth story as the pan-African power and cooling-as-a-service sector moves further toward consolidation,” added Carr.
“Starsight is actively seeking more partners in this space across the continent. We are grateful for the ongoing and expanded support from our equity investors, Helios Investment Partners and African Infrastructure Investment Managers.”
The new entity, Starsight Premier Energy Group, will offer clients technology-enabled power and cooling-as-a-service and battery storage solutions that significantly reduce energy costs and CO2 emissions while boosting customer profitability.
“We are proud of our investment in Starsight Energy and believe that this transaction only begins to scratch the surface of market demand for C&I solar solutions in Africa,” Anyababa Ikem, Investment Manager at African Infrastructure Investment Managers, commented.
“Further expansion into some of the fastest growing African markets was a natural next step for Starsight, which has come to define the industry standard for distributed solar and cooling solutions in West Africa.”
Meanwhile, Rupesh Hindocha, founder and CEO of Premier Solar Group, has been appointed Chairman and CEO of Starsight Premier Energy Group. Rajat Surey, Head of Projects and Technical at Premier Solar Group, has been appointed CTO.
“We welcome the partnership with Starsight Energy in East Africa. We knew instantly that Starsight would be the right partner for us because of their reputation for exceptional customer service, innovation, and sustainability,” Rupesh Hindocha, said.
“We look forward to continuing to deliver the standard of service and efficiency that has come to define the Starsight Energy and Premier Solar Group brands.”