January 20

Starsight Gets $10 Million Funding to Expand Solar Power Solutions in Nigeria, Ghana

By Ronald Adamolekun

A Helios and AIIM-backed solar power solutions firm, Starsight Energy, said it has obtained a $10 million financing that would enlarge its current senior debt facility in a bid to scale up its generation capacity and services in the Nigerian and Ghanaian markets.

The on-grid and off-grid energy services provider would have its existing debt with Finnfund and Oslo-based Norfund – two European development financiers with interest in developing countries – increased by 100 per cent to $20 million, Helsinki-based Finnfund said Thursday in a website statement.

“As we expand from Nigeria to Ghana and beyond, this funding will be key to our ability to swiftly deploy hybrid-solar solutions to new C&I customers,” said Starsight chief, Tony Carr.

Photo courtesy of James Moran.

Source: Premium Times (link opens in a new window)

business development, renewable energy, scale