Starsight secures $15m mezzanine funding from BII
Funding will support Starsight’s West Africa pipeline.
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Starsight Energy Africa Group, a provider of clean energy solutions for commercial and industrial customers across sub-Saharan Africa, has secured $15 million mezzanine debt funding from British International Investment.
The funding will drive clean energy growth in Starsight’s existing West African operations, with Nigeria earmarked to receive the majority of the funding. It will finance a substantial growth pipeline of renewable solar energy projects whilst also ensuring best-in-class service is maintained to existing clients including asset replacement.
“Partnering with BII marks a significant milestone for the Starsight Energy Africa Group. This funding strengthens our ability to scale more rapidly in Nigeria and Ghana, delivering reliable, clean energy solutions that support economic growth and improve energy resilience for our clients,” says Paul van Zijl, Group CEO at Starsight.
Benson Adenuga, West Africa regional director and head of office, Nigeria, at BII, says: “Nigeria’s businesses need dependable and affordable power to grow. We identified Starsight’s strong track record, combined with its clean energy model, as a strong fit with BII’s mandate. Starsight’s commercial and industrial solar solutions directly address this challenge by reducing dependence on refined petroleum products and improving reliability. By backing scalable distributed renewable platforms like Starsight, BII is supporting clean energy expansion in West Africa and demonstrating confidence in the region’s potential for sustainable, inclusive growth.”
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