Solar energy provider Starsight Energy has awarded its sustainability prize to Ecobank. The bank has solarised nearly 150 branches in Nigeria. A service provided by Starsight Energy, which aims to reduce Ecobank's carbon footprint.
Ecobank Nigeria has won the Starsight Sustainability Award, which recognises business enterprises for their efforts in renewable energy and energy efficiency. The award was presented on April 6th, 2021 in Lagos, by renewable energy provider Starsight Energy, which targets corporate clients that have installed solar systems in at least 100 of their branches. A selection criterion far exceeded by Ecobank Nigeria, where Starsight Energy has deployed solar systems in 150 branches across the West African country, with an installed solar and hybrid capacity of 11 megawatts (MW).
Ecobank Nigeria, the Nigerian subsidiary of the Ecobank Group which employs over 14,000 people in 33 African countries, was quick to praise the environmental and economic benefits of its partnership with Starsight Energy. “Our partnership with Starsight has enabled Ecobank to reduce its carbon emissions while providing a cleaner working environment, thereby furthering the bank’s environmental sustainability policy. In addition, the consistent and clean power supply to our sites has significantly improved the uptime of our branch ATMs, resulting in increased revenue and improved brand perception,” says Olugboyega Falayi, Ecobank’s Head of Commercial Services. In addition, Starsight’s state-of-the-art systems will enable Ecobank to avoid emissions of over 45,000 tonnes of CO2 over the life of the project, while significantly reducing electricity and cooling costs.
Starsight Energy has already deployed 41 MW of solar capacity in West Africa
Starsight Energy operates primarily in West Africa, including Nigeria and Ghana. From its inception in 2015 to the present day, the renewable energy provider has deployed 41 MW of installed generation capacity and 33 MWh of storage at 547 sites. “Our financial sector customers rely on our 99.9% uptime guarantee to keep their vital banking operations running 24/7. We value our long-standing customers such as Ecobank and are grateful for the support of our equity investors Helios Investment Partners and Afrikans Infrastructure Investment Managers, as well as debt investors Norfund and Finnfund, who enable us to build and grow these long-term relationships,” says Tony Carr, CEO of Starsight Energy.