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Daystar plans to increase capacity to 400mw by 2025 from 32mw. Shell targets renewables expansion across African regions.

Lagos: Shell Plc s renewable energy division acquired Daystar Power, an off grid services provider in West Africa, in its first acquisition of a power...

West Africa hybrid solar power solutions provider Daystar Power plans to raise about $100m within the next three years to satisfy existing client demand. “The market size and funding gap is huge, and our role in bridging this gap will involve us continuously raising funds,” Olaedo Osoka, Daystar’s CEO for Ghana, tells The Africa Report. The funding will mostly be debt, and the amount sought in each fundraising will typically be around $20m, she adds. Daystar was founded in 2017 by Sunray Ventures and is active in Nigeria, Ghana, Togo and Senegal, with a representative office in Côte d�...

West African off-grid solar electricity supplier raises US$38 million to expand its operations in in Nigeria, Ghana, Côte d’Ivoire, Senegal and Togo.