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Global law firm Clyde & Co has advised Commercial & Industrial (C&I) solar company, on the sale of a 50% stake in its East African operations to Starsight Energy, a West African C&I energy as a service provider
As part of the transaction, both parties will see the creation of Starsight Premier Energy Group, an East Africa focused joint venture that will offer sustainable power and cooling as a service and battery storage solutions to C&I clients across East Africa.
Clyde & Co acted as sole legal adviser to Premier Solar Group on various aspects of the matter, including reviewing and negotiating the key English law transaction documents, providing strategic corporate advice on regulatory approvals and other relevant English and Kenyan law matters.
The new entity, Starsight Premier Energy Group, will combine Premier Solar Group’s established footprint in Kenya and Starsight’s industry-leading service and technology to offer technology-enabled power and cooling as a service and battery storage solutions in Kenya, Uganda, Tanzania, and Rwanda.
Rupesh Hindocha, CEO of Premier Solar Group, said, “We welcome the partnership with Starsight Energy in East Africa. We knew instantly that Starsight would be the right partner for us because of their reputation for exceptional customer service, innovation, and sustainability. We look forward to continuing to deliver the standard of service and efficiency that has come to define the Starsight Energy and Premier Solar Group brands.”