Starsight Energy Africa Group has secured $15 million in funding from British International Investment (BII), marking a significant step toward expanding renewable energy solutions across West Africa. The mezzanine debt investment will primarily support commercial and industrial customers, with a strong focus on Nigeria, where energy reliability remains a major concern.
Nigeria continues to face a severe electricity gap, with around 40 gigawatts of power currently generated through costly and polluting diesel and petrol generators. These traditional energy sources not only increase operational expenses for businesses but also contribute heavily to environmental pollution. The new funding is expected to accelerate the deployment of solar energy systems, helping industries shift away from fossil fuels toward cleaner and more sustainable alternatives.
With this investment, Starsight plans to expand its pipeline of solar projects, enabling businesses to access more reliable and affordable power. The company will also use part of the funds to maintain and upgrade its existing energy assets, ensuring uninterrupted service for current clients. This dual approach of expansion and service improvement is expected to strengthen customer confidence and support long-term growth.
In addition to Nigeria, the funding will help enhance Starsight’s operations in Ghana. By extending its footprint in the region, the company aims to improve energy resilience and reduce dependence on unstable grid infrastructure. The move aligns with broader efforts to promote clean energy adoption across West Africa.
Paul van Zijl, Group CEO of Starsight Energy Africa Group, described the investment as a major milestone for the company. He stated that the partnership with BII reinforces Starsight’s mission to deliver affordable and low-carbon energy solutions. He also highlighted the importance of scaling operations quickly to meet the growing demand for sustainable power in emerging markets.
Jonny Baxter, the British Deputy High Commissioner in Lagos, подчеркнул the United Kingdom’s commitment to supporting Nigeria’s energy transition. He noted that investing in reliable renewable energy is essential for driving economic growth and reducing the environmental impact of self-generated power.
The partnership reflects BII’s broader strategy to support sustainable development across Africa. By backing established clean energy companies, the institution aims to build infrastructure that supports economic growth while addressing climate challenges. As Starsight continues to roll out new solar projects, the shift toward renewable energy is expected to play a key role in improving power stability and fostering a more sustainable business environment in the region.
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