Daystar Power Group has now been acquired by Shell Overseas International B.V. (SOI B.V.), a wholly owned subsidiary of Shell plc (Shell) (Daystar).
Daystar, a provider of integrated solar power solutions, provides dependable electricity to businesses in West Africa, assisting customers in lowering power costs and pollution.
Sub-Saharan Africa has enormous potential as a solar market, and the customer base acquired by Shell through this transaction will provide a solid foundation for future expansion.
Daystar Power Group announced the signing of an agreement to be acquired by Shell on September 28, 2022.
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Daystar will continue to operate as a wholly owned subsidiary of Shell under its current brand inside Shell’s Renewable & Energy Solutions business.
Shell’s existing operation in Nigeria has been serving consumers for almost 40 years. Shell Nigeria has further information.
Shell is investing in increasing generation capacity around the world. Shell currently has over 46 gigatonnes of renewable generation potential in our portfolio (Shell equity), including 2.2 gigatonnes in operation, 3 gigatonnes under construction/contract, and 40.9 gigatonnes of potential capacity in our pipeline, ranging from utility-scale solar to innovative floating wind projects and integrated wind to hydrogen projects.
Charles Rapulu Udoh
Charles Rapulu Udoh is a Lagos-based lawyer, who has several years of experience working in Africa’s burgeoning tech startup industry. He has closed multi-million dollar deals bordering on venture capital, private equity, intellectual property (trademark, patent or design, etc.), mergers and acquisitions, in countries such as in the Delaware, New York, UK, Singapore, British Virgin Islands, South Africa, Nigeria etc. He’s also a corporate governance and cross-border data privacy and tax expert.
As an award-winning writer and researcher, he is passionate about telling the African startup story, and is one of the continent’s pioneers in this regard. You can book a session and speak with him using the link: https://insightsbyexperts.com/view_expert/charles-rapulu-udoh