West Africa-focused Daystar Power secures further funding

Issue 438 - 13 May 2021 | 3 minute read

New financing for West Africa-focused hybrid solar PV project developer Daystar Power underlines the extent that commercial and industrial (C&I) markets are gaining traction with development finance institutions (DFIs) and others. Daystar Power has completed a $38m series B funding round led by Denmark’s Investment Fund for Developing Countries and including French impact infrastructure fund Stoa, French DFI Proparco – backed by a guarantee from the European Union under the African Renewable Energy Scale-Up facility (ARE Scale-Up) – and Morgan Stanley Investment Management.

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