Delphos Helps Client Starsight Energy Secure $20M from Finnfund and Norfund
Delphos acted as the sole financial advisor to Starsight Energy, a leading energy services provider based in Lagos, in increasing their senior debt facility from Finnfund and Norfund from $10M to $20M in Dec. 2020. The new funding will enable Starsight to continue to deliver its market leading energy-as-a-service hybrid solar solutions to C&I customers in Nigeria and Ghana. Starsight’s clients include major national and international commercial banks.
Starsight, Finnfund, and Norfund closed the first $10M facility in June 2019. Since then, Starsight has expanded its portfolio to over 500 sites, 36MW of installed generating capacity, and 28MWh of storage capacity across Nigeria and Ghana. Every client benefits from the company’s end-to-end service, 99% uptime guarantee, and freed capex, while making their businesses green and sustainable.
Starsight offers solar-battery-diesel hybrid generation and efficient cooling and lighting solutions to commercial and industrial clients throughout the country. The company has a large active pipeline in Nigeria and is expanding its pipeline in Ghana as well. Starsight is backed by Helios Investment Partners and African Infrastructure Investment Managers (AIIM), the largest Africa-focused, private equity and infrastructure investment firms.