Daystar Power, a West African provider of hybrid solar power solutions to commercial and industrial businesses, announced its acquisition by Shell. The mobility company aims to deliver carbon emission reductions and power cost savings to C&I businesses across Africa thanks to its latest transaction, subject to regulatory approvals.
The solar energy company’s co-founders and management team will continue to grow its operations in its key West African markets, while expanding its presence to other African countries in East and Southern regions of the continent. Daystar Power targets to increase its installed solar capacity to 400MW by 2025 to become one of Africa’s leading providers of solar power solutions for commercial and industrial businesses.
