West Africa-focused Daystar Power secures further funding

Issue 438 - 13 May 2021

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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Africa Investment Exchange: Power & Renewables

16-17 November 2022, RSA House, London

Enabling power project development in Africa

First held at RSA House in 2014, AIX: Power & Renewables has become one of the meeting places of choice for Africa’s power sector stakeholders, including leading private and public sector investors, African officials and project developers.

Produced by African Energy, the meeting is held under the Chatham House Rule and structured around interactive panel-led sessions to encourage an open debate.

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