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A Solar Energy Company, Daystar Power, Secures $10 Million of Investment

TechInAfrica – Daystar Power has announced that it has secured a $10 million investment from Verod Capital Management and Persistent Energy Capital LLC. Additionally, he also has an opportunity to close additional debt financing that worth $16 million in order to expand its services across West Africa.

Daystar Power offers solar energy solution to African companies and institutions ranging from banking, consumer goods, agriculture, and manufacture clients. With its reliable power solutions, their clients are able to minimize the use of diesel generators and cut down their operating costs.

A Solar Energy Company, Daystar Power, Secures $10 Million of Investment
A Solar Energy Company, Daystar Power, Secures $10 Million of Investment via exchange.co.tz

Being established in 2017 by Christian Wessels and Jasper Graf von Hardenberg, Daystar Power has already installed 1MW of off-grid solar energy solutions for commercial and industrial consumers in Ghana and Nigeria. It guarantees its clients with 99% uptime reliability and reduces emissions from diesel generators.

The startup provides Solar Power Systems that ranges from 20KWp up to 5MWo. Clients can sign up for a monthly payment option that enables them to reduce capital outlay, thus, make it easier to shift to cleaner energy solution.

Daystar Power aims at providing solar power solutions with a high-quality service. The company only utilizes best-in-class equipment with long-term warranties as well as a team with strong local technical support services.

Source: techmoran.com

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