Off-grid power developer Daystar Power to enter the Togolese market

Energy
Friday, 15 January 2021 11:26
Off-grid power developer Daystar Power to enter the Togolese market

(Togo First) - Nigerian power developer, Daystar Power, plans to start operating in the Togolese, Senegalese, and Ivorian markets. This is after raising $38 million with the help of the Investment Fund for Developing Countries (IFU), a Danish bank, and Morgan Stanley Investment Management. 

The Nigerian firm, in effect, wants to expand access to solar power in West Africa, to 100 MW from its current capacity of 23 MW. 

In Togo, Daystar Power should play a significant role in the government’s ambition to bring the share of renewables in the country’s energy mix to 50%, by 2030. This is one of the objectives of the national electrification strategy under which the whole country is expected to have full access to electricity by the same year. 

Big projects, like the 50 MW Blitta solar power plant, have been launched to this end. 

Séna Akoda

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