Recently updated on October 24th, 2022 at 02:14 pm
Ecobank Nigeria, First City Monument Bank Limited (FCMB) and Union Bank have won the Starsight Sustainability Award 2020, 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).
“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.”
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.
FCMB has been a Starsight client for six years and has benefited from Starsight’s end-to-end power and cooling services at 110 of its branches across Nigeria.
Ogochukwu Ekezie-Ekaidem, the Chief Brand & Marketing Officer at Union Bank commented:
“We are excited to have Starsight’s power and cooling systems at over 100 Union Bank locations nationwide. Sustainable business practices remain a core pillar of our ‘Citizenship, Sustainability, and Innovation’s efforts and that is why we will continue to add Starsight systems to our locations nationwide.
We are focused on maintaining our position as a sustainability champion, leading the charge within our industry and beyond, and we thank the Starsight Energy team for working with us on this journey.”
In his reaction, Tony Carr, Starsight’s CEO commented:
“We are proud of our relationship with Union Bank of Nigeria and applaud their commitment to sustainability. Starsight’s services have proven to be a perfect fit for Union Bank’s energy needs as our model give them the peace of mind of a 99.99% uptime while significantly reducing power costs.
We deeply value our clients like Union Bank and are thankful for the backing we receive from our equity investors Helios Investment Partners and African Infrastructure Investment Managers, and our debt investors Norfund and Finnfund, which allows us to establish and expand these long-term relationships.”
Starsight has completed over 500 sites in Nigeria since 2015. The company currently has 41 MW of installed generating capacity, 33 MWh of storage, and 16,320 HP in cooling capacity across Nigeria and Ghana, with new markets anticipated to come online in 2021.
