Daystar Power, a leading provider of hybrid solar power solutions to businesses in West Africa, today announced a Series B investment of $38 million. The round was led by the Investment Fund for Developing Countries (IFU), the Danish development finance institution (DFI). x
IFU is joined by new investors STOA, a French impact infrastructure fund, Proparco, the French DFI, backed by a guarantee from the European Union under the African Renewable Energy Scale-Up facility (ARE Scale-Up) and Morgan Stanley Investment Management. Taking into account the previous round by Verod Capital and Persistent Energy, Daystar Power has received equity investments totaling $48 million.
Nigeria Firm Gets $38 Million to Expand Solar Access bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Daystar Power, a Nigerian solar energy provider, has raised $38 million with the support of Investment Fund for Developing Countries and Morgan Stanley Investment Management to expand solar access across West Africa.
New wind farm for Ethiopia
Published by: Andrew Mizner at 07/01/2021 European wind power specialist Siemens Gamesa is taking the lead on a new site in Ethiopia, as the countr.
European wind power specialist Siemens Gamesa is taking the lead on a new site in Ethiopia, as the country seeks to be 100% renewable.
A new wind farm is to be constructed in Ethiopia, supplying power to 400,000 homes. It is the first wind farm project to be constructed in the country by European wind power giant
Siemens Gamesa. The Assela wind farm will be 150 kilometres south of Addis Ababa and will generate 100 MW. The site is due to be delivered to