As it broadens its worldwide portfolio of renewable energy sources, oil giant Royal Dutch Shell is pursuing the acquisition of African solar supplier Daystar Power, the company said on Wednesday.
Although Shell is one of the most significant oil producers in Africa, the Daystar purchase marks its first purchase of electricity there, highlighting a target to cut greenhouse gas emissions in half by 2030.
Thomas Brostrm, Shell’s vice president for renewable generation, said in a statement that by doing this, the company is “helping to bridge a significant energy gap for those who now depend on diesel generators for backup power.”
On the selling price, neither Shell nor Daystar offered any comments. On 2022, Shell plans to invest $2 to $3 billion in renewable energy and energy-saving technologies.
Daystar, with its headquarters in Lagos, offers solar and hybrid power solutions with battery storage to commercial and industrial customers in Ghana, Nigeria, Senegal, and Togo.