Shell-backed Daystar Shines in SA's Power-Hungry Market
Shell-backed Daystar Power is expanding its operations into South Africa to provide alternative power systems as demand increases due to record power cuts. Daystar plans to build up to 120 megawatts of solar power with 400 megawatts across Africa by 2025, targeting large-scale, bankable commercial and industrial users. An office is also opening in Tanzania.
Aug 9, 2023 // Markets & Finance News, Africa, South Africa, Daystar Power, Shell Plc
Shell finishes up deal for Nigerian solar company Daystar Power
Oil and gas giant Shell Plc (LON: SHEL) has actually finished the acquisition of Nigeria-based hybrid solar energy remedies provider Daystar Power after acquiring the needed regulatory clearances.
Dec 20, 2022 // Plants, Africa, Nigeria, shell, Daystar Power
Shell inks deal to purchase Nigerian solar company Daystar Power
Oil and gas titan Shell Plc (LON: SHEL) has accepted acquire Nigeria-based hybrid solar energy remedies company Daystar Power in a bargain noting its initial power acquisition in Africa.
Sep 29, 2022 // Markets & Finance News, Africa, Nigeria, shell, PV Power Plant, Daystar Power
Daystar Power secures $38 million of funding
Daystar Power, off-grid power company, using hybrid power solutions to commercial and industrial services in West Africa, revealed an investment of $38 million. With the fundraise, the company will expand its procedures in its key markets of Nigeria as well as Ghana, while strengthening its existence in other regional nations such as Côte d'Ivoire, Senegal as well as Togo.
Jan 15, 2021 // Markets & Finance News, West Africa, Jasper Graf von Hardenberg, Daystar Power
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