Starsight Energy Africa Group, a leading clean energy company providing commercial and industrial (C&I) clean energy solutions across Sub-Saharan Africa, announced that it has secured USD 15 million in mezzanine funding from British International Investment (BII), the UK’s development finance institution. This will help Starsight expand its renewable energy business in West Africa, with a primary focus on Nigeria, where the majority of the effort will be concentrated on supporting new solar projects and maintaining existing clients.

This partnership is in line with BII’s strategic mandate to support “productive, sustainable, and inclusive development.” By supporting Starsight, BII is promoting private sector-led growth in sustainable infrastructure and contributing to the region’s climate objectives.

Today, up to 40GW of electricity in Nigeria is produced by diesel and petrol generators. This is a clear indication that there is a pressing need for reliable low-carbon energy solutions. Paul van Zijl, Group CEO of Starsight, said, “This funding is a pivotal milestone, enabling us to scale rapidly in Nigeria and Ghana. It strengthens our ability to deliver reliable, clean energy solutions that support economic growth and energy resilience, while positively impacting the communities we serve.”

Jonny Baxter, British Deputy High Commissioner in Lagos, emphasised that BII’s investment reflects the UK’s commitment to supporting Nigeria’s transition to clean, affordable, and dependable energy. Expanding access to renewable power for businesses will unlock growth and reduce reliance on costly, polluting generators.

Starsight provides tailored on-grid and off-grid energy solutions for commercial and industrial clients, eliminating upfront capital barriers and optimising efficiency through innovative, environmentally conscious practices. Backed by Helios Investment Partners and African Infrastructure Investment Managers, Starsight is redefining energy access for businesses in Sub-Saharan Africa.

BII is the UK’s development finance institution, investing in businesses across developing countries to drive sustainable growth and address the climate crisis. It manages investments in over 1,600 businesses across 66 countries, with total net assets of over USD12 billion.