Oil giant Shell will purchase African solar provider Daystar Power, underscoring a mandate to halve greenhouse gas emissions by 2030
Shell is one of the most influential oil producers in Africa, but the Daystar purchase is its first power acquisition on the continent, underscoring a mandate to halve greenhouse gas emissions by 2030.
Daystar, headquartered in Lagos, provides off-grid power to commercial and industrial clients in Ghana, Nigeria, Senegal and Togo, offering solar and hybrid power solutions with battery storage. "For the next stage - really becoming a pan-Africa power provider - it requires an investor with the same vision. Someone really with sufficient firepower to finance this growth," he told Reuters.
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