Daystar Power, a solar engery company has opened its second branch in West Africa with an office in Accra.
A statement issued by the company in Accra yesterday said the fundamental factor for the expansion of the energy business in Ghana was the great potential that Daystar Power attributes to solar energy in Ghana.
“Although electricity supply from the grid is relatively stable compared to neighbouring countries, it is prohibitively expensive and has become less reliable, increasingly forcing consumers to turn to environmentally harmful diesel generators,” the statement said.
It said, “Conservative estimates suggest that Ghanaian businesses spend up to 20 per cent of their operating costs on electricity, funds which could be applied towards increasing production and job creation. Daystar Power’s entry into the Ghanaian market is timely, in view of increased load shedding and anticipated tariff increases.”
Daystar Power Ghana will be led by Olaedo Osoka, who has held a leading position for the African Venture Builder Sunray Ventures at various locations since Daystar Power was founded in 2017.
Mr Osoka said, “Our business model has allowed us to save clients up to 20 per cent of energy costs, enabling them to channel their resources into generating additional revenue, returns and improve their environmental footprint. Our mission is also to employ, empower and train young local talent, particularly Ghanaian women.”
“You will note that there are few women in Science, Technology, Engineering and Mathematics (STEM) in Europe, and the ratio is much worse here; part of our mission is promoting diversity and encouraging women to participate and lead in building Ghana’s energy future,” he said.
Jasper Graf von Hardenberg, CEO of Daystar Power, said, “We are happy to have expanded our attractive solar power offering to Ghana, a market which suffers from high power costs. We believe our solar power solutions will help businesses across Ghana to reduce both costs and environmental footprint.”
Christian Wessels, Founder and chairman of Sunray Ventures and Daystar Power, said, “In addition to the cost savings and environmental impact of our solutions, Daystar Power is now well positioned to create value in Ghana and contribute to the energy revolution in Africa.”
Source: Ghanaian Times