Oil giant Royal Dutch Shell is pushing towards acquiring African solar provider Daystar Power as it expands its global renewables portfolio, the companies said on Wednesday. Shell is one of the most influential oil producers in Africa, but the Daystar purchase is its first power acquisition on the continent, underscoring a mandate to halve greenhouse gas emissions by 2030. “As we do this, we’re helping to address a critical energy gap for many who currently rely on diesel generators for backup power,” Thomas Brostrøm, Shell’s vice president for renewable generation,…
Read MoreShell Deepens Renewable Energy Space, Acquires Lagos Based Daystar
