Starsight Energy Africa Group has secured $15 million in mezzanine debt funding from British International Investment (BII) to accelerate the deployment of clean energy solutions across West Africa.
The funding will be primarily directed toward strengthening Starsight’s operations in Nigeria and Ghana, with a significant portion allocated to Nigeria to address power reliability challenges driven by an unstable grid and widespread reliance on diesel-based self-generation.
Scaling Renewable Energy for C&I Sector
Starsight, which provides clean energy solutions to commercial and industrial (C&I) customers across Sub-Saharan Africa, plans to use the capital to expand its pipeline of solar energy projects, enhance service delivery, and support asset upgrades for existing clients.
The investment aligns with BII’s broader strategy of supporting sustainable and inclusive economic development in emerging markets by enabling access to reliable, low-carbon energy infrastructure.
Addressing Nigeria’s Power Deficit
Industry estimates suggest that up to 40 GW of electricity in Nigeria is currently generated through diesel and petrol generators. The latest funding is expected to help reduce this dependency by enabling the transition to cleaner, renewable alternatives.
Paul van Zijl said the partnership marks a key milestone in the company’s growth journey, strengthening its ability to scale operations and deliver reliable energy solutions that support economic development and energy resilience.
UK Backs Clean Energy Transition
Jonny Baxter noted that the investment reflects the UK’s continued commitment to supporting Nigeria’s transition toward clean, reliable, and affordable energy, while reducing reliance on costly and polluting diesel generation.
Similarly, Benson Adenuga emphasized that supporting scalable renewable platforms like Starsight is critical to improving energy reliability for businesses and unlocking sustainable growth in the region.
Driving Regional Energy Growth
Michael Chuchu highlighted that the funding will unlock new capacity in markets where energy instability has historically hindered economic expansion, reaffirming the company’s commitment to delivering environmentally responsible energy solutions.
The collaboration underscores growing investor confidence in West Africa’s clean energy sector, as companies and institutions increasingly focus on expanding renewable energy access while supporting economic growth and reducing carbon emissions.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
