Solar firm Starsight Energy secures US$10m financing to expand its business

NIGERIA – Starsight Energy, a Helios-backed solar power solutions firm, said it has obtained a US$10 million financing that would enlarge its current senior debt facility in a bid to scale up its generation capacity and services in the Nigerian and Ghanaian markets. The on-grid and off-grid energy services provider would have its existing debt with Finnfund and Oslo-based Norfund – two European development financiers with interest in developing countries – increased by 100 per cent to US$20 million, Helsinki-based Finnfund said Thursday in a website statement. “As we expand…

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