Starsight (SPUL SUB 2 and SGL SUB 1)
Region and country of operations: Africa, Nigeria and Ghana
Jurisdiction of registration: Nigeria
Business sector: Captive solar production
Date of agreement (month/year): 12/2020
Instrument: Loan
Finnfund’s financing: USD 10,000,000
Share of Finnfund’s financing: 26%
Size of project/financing: USD 38,000,000
Environmental and social category: B
Project description
Starsight Energy provides captive power production solutions to commercial and industrial clients in Nigeria and Ghana through solar and solar-diesel-battery hybrid solutions.
Main development impact
Starsight Energy provides cheaper, more reliable and cleaner electricity to its clients vs. their previous solutions. In Nigeria, they also provide energy efficiency solutions leading to significant energy savings. Starsight’s solutions lead to significant CO2 reductions as well as improved power up-time for the clients.
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