After receiving regulatory clearance, Daystar Power, a West African supplier of hybrid solar power solutions to commercial and industrial (C&I) customers, has announced the completion of its purchase by Shell. Through this purchase, Daystar will be able to extend its presence in the area and ultimately across Africa.
The 2017-founded Daystar Power is a frontrunner among off-grid power service providers in West Africa, serving commercial and industrial clients with hybrid power solutions. In addition to drastically cutting down on customers' total power expenses, Daystar Power's "Solar-as-a-Service" solutions also provide clean, dependable electricity.
The CEO and Co-founder of Daystar Power, Jasper Graf von Hardenberg, is overjoyed that a significant milestone has been reached. Our objective to lower energy prices and carbon emissions is very important to us because of the severity of the energy crisis and the strain it places on companies throughout Africa. As a subsidiary of Shell, we will be able to expand more rapidly, providing our consumers with clean, inexpensive energy.
As a result of the persistent energy deficit, the solar industry in Sub-Saharan Africa is poised for rapid expansion. One of Africa's top producers of solar power solutions for commercial and industrial organizations, Daystar Power plans to raise its installed solar capacity to 400 MW by 2025.
Following the merger, Daystar Power will continue to do business under its current name as part of Shell's Renewables & Energy Solutions division. Daystar Power's co-founders and management team plan to further develop the company's operations in key West African regions while also increasing the company's footprint in other nations throughout Africa.
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