West: Daystar Power secures funding for solar expansion

African solar power provider Daystar Power has secured $10m in investment from Verod Capital Management and Persistent Energy Capital and has lined up an additional $16m in debt financing to accelerate its expansion across West Africa. The deal will allow Daystar Power to expand its offering for commercial and industrial customers across the region, providing corporate clients with a reliable supply of clean solar energy while significantly reducing their operating costs and minimising the use of diesel generators.