Why UBA, Renewvia Are Deploying Solar Energy Solutions Across 25 Branches

United Bank for Africa (UBA) has partnered with Renewvia Solar Nigeria to deploy solar energy solutions across 25 UBA branches in five Nigerian states.

The move, aimed at deepening economic ties between Nigeria and Norway  was formalised at the official Ribbon Cutting ceremony held at the UBA Oba Akran 2 branch, Ikeja-Lagos on Wednesday.

It was officiated by the Nordic Ambassador to Nigeria, Mr. Svein Bæra, according to a statement from the bank.

According to the statement, the solar energy solution deployment is in tandem with the growing commitment to sustainable investment and innovation message of UBA Group Chairman, Tony O. Elumelu.

At the recent Norway-Africa Business Summit held in Oslo, Elumelu had reportedly urged global partners to view Africa not as an aid destination, but as a continent of opportunity and enterprise.

”Under a 10-year Power-as-a-Service agreement, Renewvia will deploy advanced solar and battery hybrid systems across UBA’s branches, ensuring superior power reliability, operational efficiency, and an enhanced customer experience “u, the statement informed.

It added that upon full rollout, “the project will cover 50 locations across 18 states, representing 3 MWp of solar capacity and 7 MWh of energy storage”.

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According to UBA’s Deputy Managing Director, Muyiwa Akinyemi, “At UBA, we believe sustainability is not just a responsibility but a key part of building Africa’s future”.

On the other hand, “This partnership with UBA marks a major milestone in our mission to deliver reliable, clean energy to commercial and industrial clients across Nigeria”, Managing Director, Renewvia Solar Nigeria Limited, Adebowale Dosunmu said.

Earlier, in his goodwill message, the Ambassador of Norway to Nigeria, Mr Svein Bæra, had noted the partnership as a shining example of what could be achieved when African ambition meets Nordic investment and innovative practices