- Starsight becomes carbon credit certified.
- The C&I solar energy provider can now sell carbon credits.
- This will allow the company to increase its revenue stream.
Starsight Energy has become the first clean energy company in Nigeria to secure carbon credit accreditation. The commercial & industrial (C&I) solar power provider provides a combination of solar plus storage and diesel hybrid energy systems to consumers. The carbon credits have been certified by the Verra Verified Carbon Standard (VCS) program, the world’s most widely used voluntary Green House Gas (GHG) certification program. This certification will enable Starsight to sell carbon credits serving as an additional source of revenue.
Tony Carr, Starsight Energy CEO, stated: “This achievement cements Starsight’s position as a market leader in the Nigerian renewable energy sector and a leader in sustainability. With over 52MW of solar across all markets, Starlight’s solutions are helping drive the African Commercial & Industrial sector toward a more sustainable future. In addition, this certification amplifies our impact on carbon reduction in Nigeria and moves the country closer to meeting its own carbon reduction goals.”
Ogbemi Ofuya, Partner at Helios Investment Partners, Starsight’s investor, added: “The accreditation underscores Starsight’s leadership as a pioneering provider of distributed power, storage and cooling solutions in Africa. Helios’ investment in Starsight is consistent with our focus on sectors that underpin the modern economy, such as clean energy. From inception, we have helped the company build scale and diversify its client base. The recent accreditation is another important milestone for the company as it continues to grow, delivering significant cost savings to its customers with a positive impact on the environment and local communities.”