Starsight Energy Africa Group (Starsight), a leading provider of clean energy solutions for commercial and industrial (C&I) clients across Sub-Saharan Africa, has secured US$15 million in mezzanine debt funding from British International Investment (BII), the UK’s development finance institution and impact investor. The funding marks a significant step in accelerating renewable energy deployment across West Africa, particularly in Nigeria.
The investment will primarily support Starsight’s expansion in its existing West African markets, with Nigeria set to receive the largest share. The funds will be directed toward financing a robust pipeline of solar energy projects, while also ensuring continued high-quality service delivery to existing clients, including asset upgrades and replacements.
The partnership aligns closely with BII’s strategic objective of promoting sustainable, inclusive, and productive development in emerging markets. Both organisations aim to strengthen sustainable infrastructure, foster private sector growth and drive measurable climate impact across the region.
Nigeria’s energy landscape continues to rely heavily on fossil fuels, with estimates suggesting that up to 40GW of electricity is generated through diesel and petrol generators. Starsight’s latest funding round is expected to play a critical role in reducing this dependence by expanding access to clean and reliable renewable energy solutions for businesses.
Paul van Zijl, Group CEO of Starsight, described the partnership as a milestone for the company. He noted that the funding would enable Starsight to scale operations more rapidly in Nigeria and Ghana, delivering dependable and environmentally sustainable energy solutions that support economic growth and enhance energy resilience.
He further highlighted that BII’s investment reflects confidence in Starsight’s role in improving energy access across emerging markets. By providing affordable, low-carbon solutions, the company aims to contribute to community development while addressing critical energy challenges.
British Deputy High Commissioner in Lagos, Jonny Baxter, emphasised the UK’s commitment to supporting Nigeria’s transition to clean and affordable energy. He stated that the investment would help businesses access reliable renewable power, reduce reliance on costly and polluting fuel-based generation, and contribute to a more sustainable future.
Benson Adenuga, BII’s West Africa Regional Director and Head of Office in Nigeria, noted that dependable and affordable electricity remains a key requirement for business growth in the country. He highlighted Starsight’s strong track record and scalable clean energy model as key factors behind the investment decision, adding that such partnerships demonstrate confidence in West Africa’s potential for sustainable and inclusive development.
Michael Chuchu, Group Commercial Director at Starsight, added that the funding would unlock new capacity in markets where energy instability has long hindered growth. He reiterated Nigeria’s importance as a core market for the company and said the investment reinforces Starsight’s commitment to providing reliable, environmentally responsible energy solutions.
