Olaniwun Ajayi LP (OALP or the Firm) is pleased to have advised the British International Investment plc (BII) as Nigerian counsel on its grant of a USD15,000,000 (Fifteen Million United States Dollars) term loan to Starsight Energy Africa Holding Limited (Starsight), a leading West African commercial & industrial (C&I) energy provider, to support investments in Starsight’s subsidiaries in Nigeria and Ghana.
The transaction will support Starsight’s expansion by funding growth capital expenditure and replacement capital expenditure in respect of on-site and off-site energy installations such as rooftop and ground-mounted solar photovoltaic solutions for C&I customers, complementary battery storage systems, air conditioning units, power generation solutions, and other ancillary equipment required for the operation of integrated energy systems.
This transaction reinforces BII’s continued commitment to scaling sustainable and reliable energy solutions across Africa, particularly within the C&I segment. It further highlights the increasing role of targeted capital deployment in addressing energy access and efficiency needs in the region, with a particular focus on Nigeria, where it seeks to mitigate the challenges arising from inadequate electricity supply due to the instability of the national grid.
OALP is honoured to have advised BII on this transaction, which further underscores the Firm’s dedication to promoting investments that drive sustainable growth, energy access, and economic development across Africa. We remain committed to supporting transformative projects that mobilise capital at scale to advance Nigeria’s transition to clean energy.