Page 22 - Energize October 2022

NEWS

African solar companies propose merger

Proposed merger between Starsight Energy and SolarAfrica to create one of the largest

C&I solar developers on the African continent.

enewable energy services provider, Starsight Energy, and Key highlights
South African-based solar firm, SolarAfrica Energy are • The merged group, subject to regulatory approvals,
Rproposing to merge. This merger, subject to regulatory would be a commercial and industrial (C&I) service
approvals, would combine the strengths of the companies to provider, covering the full scope of C&I projects, from
become a dominant solar player on the African continent, with rooftop projects to large-scale corporate power purchase
a genuine Pan-African footprint, providing competitive full- agreements (PPA) backed projects.
service renewable energy and energy efficiency solutions to the • It would provide carbon reduction, power security and
commercial and industrial sector. cost savings to blue-chip clients in a number of key
The merger, which is subject to standard regulatory approvals economic sectors including banking, healthcare, education,
including anti-trust approvals, comes at an opportune time manufacturing and data storage.
following favourable changes in South African renewable • It would span three key geographical hubs (Eastern,
energy regulations. The merger would create the first truly Southern and Western Africa) with further Pan-African
Pan-African renewable energy services provider, amidst a global diversification being considered.
drive towards greener and cleaner energy sources, which is • Solutions are technology-enabled via proprietary,
well positioned to serve an even wider range of clients with a inhouse developed software which covers development,
comprehensive mix of renewable energy solutions that provides construction and asset management.
power security, cost savings and carbon reduction. • The merged group, backed by Helios Investment Partners
The merged entity would comprise a portfolio of over 220 and African Infrastructure Investment Managers (AIIM),
MW of operated and signed generation capacity, and 40 MWh of would comprise a portfolio of over 220 MW of operated
battery storage, with an additional pipeline exceeding 1 GW. and contracted generation capacity, with 40 MWh of

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