Daystar Power, a provider of hybrid solar power solutions to businesses in West Africa, today announced a series B investment of $38 million.

The round was led by the Investment Fund for Developing Countries (IFU), the Danish development finance institution. IFU is joined by new investors STOA, a French impact infrastructure fund; Proparco, the French DFI backed by a guarantee from the European Union under the African Renewable Energy Scale-Up Facility (ARE Scale-Up); and Morgan Stanle...