- Starsight Energy Africa Group has secured $15 million in mezzanine debt from BII to expand clean energy projects.
- The funding will support operations in Nigeria and Ghana, helping reduce reliance on diesel generation and improve power reliability.
Starsight Energy Africa Group has secured $15 million in mezzanine debt funding from British International Investment (BII). The company will use the funds to expand clean energy solutions across West Africa. The funding will focus on Nigeria and Ghana. However, a larger share will go to Nigeria, where unreliable grid supply continues to affect businesses.
Starsight provides clean energy solutions to commercial and industrial customers across Sub-Saharan Africa. It plans to expand its solar project pipeline and improve service delivery.
In addition, the company will upgrade energy assets for existing clients. This move aims to improve efficiency and reliability across its network.
The investment also aligns with BII’s strategy to support sustainable development. It also promotes access to reliable and low-carbon energy infrastructure in emerging markets.
Nigeria currently relies heavily on diesel and petrol generators. Industry estimates show that up to 40 gigawatts of electricity comes from these sources. The new funding is expected to reduce this dependence. It will support the shift toward cleaner and more sustainable energy alternatives.
Furthermore, Paul van Zijl said the partnership marks a key milestone for the company. He added that it will strengthen Starsight’s ability to scale operations and deliver reliable energy solutions.
Jonny Baxter said the investment reflects the United Kingdom’s commitment to Nigeria’s energy transition. He also noted that it will help reduce reliance on costly and polluting diesel generation.
Similarly, Benson Adenuga said supporting scalable renewable platforms is critical for improving energy reliability. He added that such investments will unlock sustainable economic growth.
Michael Chuchu also said the funding will unlock new capacity in underserved markets. He noted that energy instability has long limited economic expansion in these areas. He added that the company remains committed to delivering environmentally responsible energy solutions.
The deal highlights growing investor confidence in West Africa’s clean energy sector. More institutions are now focusing on expanding renewable energy access.
It also reflects increasing efforts to support economic growth while reducing carbon emissions across the region.