Starsight and SolarAfrica merge to form pan-African C&I Developer

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Two privately-held solar developers have agreed to merge, creating one of Africa’s largest C&I Solar Development firms. Starsight Energy, a renewable energy developer with interests in West and East Africa is joining forces with SolarAfrica, a solar energy provider in South Africa. Helios Investment Partners and African Infrastructure Investment Managers (AIIM), both investors in Starsight Energy, will each retain an interest in the combined group. The terms of the transaction, which is subject to regulatory approvals, have not been disclosed.

AIIM will also invest significant additional funding in the merged entity’s South African unit to support the build-out of its contracted pipeline in the C&I wheeling market. Once the deal closes, the renewable energy assets of the combined companies will have a generating capacity of 220MW and 40MWh of battery storage. The pipeline of potential projects, if constructed, would add more than 1GW of generating capacity to the firm’s portfolio.

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