Merger activity heats up in African commercial solar market

Lagos-based Daystar Power is targeting 400 MW of installed generation capacity by 2025, after being acquired by Shell mere days after the Starsight-SolarAfrica merger announcement.Shell is set to acquire West African commercial and industrial (C&I) solar leasing company Daystar Power. The move, which is subject to regulatory approvals, was jointly announced in a press release issued by the two companies this week. The purchase price for Daystar was not revealed. The Lagos-based company installs and operates solar arrays on commercial rooftops in Nigeria, Ghana, Senegal, and Togo. Clients receive ...

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