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Union Bank Reaffirms Commitment to Sustainable Energy Consumption through Renewed Partnership with Starsight Energy

Lagos, Nigeria – April 2025 – Starsight Energy, a leading energy-as-a-service and cooling solutions provider in Africa, announced the successful renewal of its cooling and power solution service with Union Bank of Nigeria. This renewal underscores the strength of the existing partnership and the mutual commitment of both organisations to sustainable energy practices and operational efficiency.

With over 110 branches under management in an eight-year span, the renewed agreement will continue to ensure Union Bank benefits from Starsight Energy’s innovative, reliable and sustainable renewable energy solutions, which also translates to continued energy cost savings.

Olufunmilola Aluko, Chief Brand and Marketing Officer, Union Bank of Nigeria, noted, “Aligning with national and international ESG initiatives, Union Bank has reduced its carbon footprint, and this has contributed to a sustainable and greener environment. Over the years, we have achieved significant energy savings and recorded over 38,000 tonnes of carbon reduction across branches under management. The partnership reaffirms the banks’ commitment to the SDGs on clean energy, responsible consumption, climate action and partnership for sustainable energy.”

Bukola Badmos, Executive Director and Chief Financial Officer Starsight Energy, stated, “The contract renewal is a testament to the sustained business relationship between Starsight Energy and Union Bank in Nigeria founded on trust and a track record of successful collaboration. By reaffirming this partnership, both organisations have reinforced their dedication to environmental stewardship and the pursuit of sustainable energy practices”.

The successful renewal of the contract between Starsight Energy Nigeria and Union Bank is a benchmark for other institutions in Nigeria looking to transition to cost-effective and sustainable energy solutions.

This partnership highlights the importance of responsible energy consumption, reliable power supply and sustainability targets, reinforcing both organisations’ commitment to a greener and more efficient energy future.

About Starsight Energy

The Starsight Energy Africa Group is an Africa-focused pure-play commercial and industrial (“C&I”) renewable energy service provider covering the full scope of C&I projects, from rooftop projects to large-scale corporate Power Purchase Agreement (“PPA”) backed projects, including power-as-a-service and cooling-as-a-service. It provides carbon reduction, power security and cost savings to blue-chip clients in several key economic sectors, including banking, healthcare, education, manufacturing and data storage. The company’s presence spans three key geographical hubs (Southern, Western and Eastern Africa) with operations in Nigeria, South Africa, Ghana, Kenya, Namibia, Tanzania and Uganda. Starsight Energy’s primary objective is to offer complete solar solutions at no upfront cost, enabling its clients to reduce their energy expenses, enhance energy efficiency, and reduce their carbon footprint. For more information about Starsight Energy and the company’s commitment to sustainable energy solutions, visit the website at www.starsightenergy.com or email info@starsightenergy.com. Media Enquiries: Marketing & Communications Email: marketing@starsightenergy.com

About Union Bank of Nigeria

Union Bank of Nigeria, established in 1917, is a 107-year-old bank and is a trusted and respected financial institution offering comprehensive banking services to individuals, SMEs, and corporate clients. With over 300 service centres and 950+ ATMs nationwide, Union Bank is committed to fostering growth for individuals, families, and businesses. The bank’s vision is to be Nigeria’s most reliable and trusted partner. The bank’s mission is to make lives better by delivering the simplest, smartest solutions and guaranteeing the best experience every time. The key offerings include retail, commercial, and corporate banking services, strongly focusing on simpler and smarter banking.

More information can be found at: www.unionbankng.com. Media Enquiries: Favour Ayeni +234 0201 2716800 Email: mediarelations@unionbankng.com

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