- Starsight Energy Africa Group receives US$15 million mezzanine funding from BII to expand renewable energy solutions for commercial and industrial clients.
- The majority of capital will support Nigeria, where diesel self-generation remains a major energy source.
- The funding aims to strengthen operations, scale clean energy projects, and enhance power reliability across West Africa.
Starsight Energy Africa Group, a leading provider of clean energy solutions for commercial and industrial customers across Sub-Saharan Africa, has secured US$15 million in mezzanine debt from British International Investment, the UK’s development finance institution and impact investor.
The funding will be deployed across Starsight’s West African operations, with Nigeria set to receive the majority of the capital. It will finance a substantial pipeline of solar energy projects while supporting asset replacement and maintaining high-quality service for existing clients.
The partnership aligns with BII’s strategic focus on promoting sustainable and inclusive development. It also highlights a shared commitment to building reliable infrastructure, supporting private sector growth, and advancing measurable climate impact across the region.
Nigeria currently generates up to 40GW of electricity from diesel and petrol generators. Starsight’s new funding round represents a significant step toward replacing this reliance on fossil fuels with renewable energy for the commercial and industrial sector, according to Paul van Zijl, Group CEO at Starsight.
“Partnering with BII marks a milestone for Starsight Energy Africa Group. This funding strengthens our ability to scale rapidly in Nigeria and Ghana, delivering reliable, clean energy solutions that support economic growth and improve energy resilience for our clients,” said Van Zijl.
He added that BII’s support endorses Starsight’s role in expanding energy access in emerging markets, delivering affordable low-carbon solutions, and uplifting local communities.
British Deputy High Commissioner in Lagos, Jonny Baxter, commented: “The UK remains committed to supporting Nigeria’s transition to clean, reliable, and affordable energy. This investment by BII reflects that commitment in action. Expanding access to dependable renewable power for businesses will help unlock growth, strengthen energy resilience, and reduce dependence on costly and polluting diesel and petrol self-generation. It represents a practical step toward a greener, more sustainable future for both our countries.”
Author: Bryan Groenendaal
