Starsight Energy has announced its acquisition of a 50% stake in the East African operations of Commercial and Industrial (C&I) solar power provider, Premier Solar Group.
West African C&I solar power provider, Starsight Energy acquired a stake in Premier Solar Group, a market-leading C&I solar company with a focus on sub-Saharan Africa and South Asia.
The transaction will see the creation of Starsight Premier Energy Group that will offer sustainable power and cooling-as-a-service and battery storage solutions to C&I clients in Kenya, Uganda, Tanzania and Rwanda.
Premier Solar Solutions, the Kenyan subsidiary of Premier Solar Group, is already a leading player in the Kenyan C&I solar sector with five delivered projects totalling 2.7MW, eight projects totalling 8.8MW currently in execution, and a pipeline of a further 20MW in Kenya. Furthermore, expansion into Uganda, Tanzania and Rwanda is planned for 2021 and 2022.
In West Africa, Starsight Energy has 41MW of installed solar PV generating capacity, 33MWh of battery storage, and 16,320 HP in cooling capacity across 547 sites in Nigeria and Ghana.
Premier Solar Group brings international experience delivering end-to-end distributed solar PV solutions to C&I clients in East Africa, India, Sri Lanka, and the UAE.
The new entity, Starsight Premier Energy Group, will offer clients technology-enabled power and cooling-as-a-service and battery storage solutions that significantly reduce energy costs and CO2 emissions while boosting customer profitability.
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Rupesh Hindocha, founder and CEO of Premier Solar Group, has been appointed Chairman and CEO of Starsight Premier Energy Group. Rajat Surey, Head of Projects and Technical at Premier Solar Group, has been appointed CTO.