Monday, November 28, 2022
HomeNewsAfricaShell’s solar acquisition Daystar Power plans pan-African expansion

Shell’s solar acquisition Daystar Power plans pan-African expansion

Daystar Power, the West African solar power provider being bought by Royal Dutch Shell, plans to expand across Africa once the acquisition is completed, says Olaedo Osoka, Daystar’s West Africa CEO.

Eastern and southern Africa are “attractive markets” with “huge potential,” says Ghana-based Osoka. “We can address those markets.” The company is aiming to increase its installed solar capacity from a current 32MW to 400MW by 2025.

African renewable energy providers are scaling up to target commercial and industrial customers as rising prices for fossil fuels prompt a search for cost savings. Nigeria’s Starsight Energy and South African-based SolarAfrica this month agree to merge to create a portfolio of 220MW of operated and contracted generation capacity, and a project pipeline exceeding 1GW.

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