06 APRIL 2021

Starsight Presents Sustainability Award to Ecobank for Achieving 100 Sites


Lagos— April 6th, 2021: Starsight Energy, the leading Commercial and Industrial (“C&I”) solar power provider in West Africa, presented its 2020 Sustainability Award to Ecobank for reaching the milestone of 100+ sites with installed sustainable power, storage, and cooling solutions. This achievement highlights Ecobank’s commitment to sustainability, as well as Starsight’s ability to help its clients achieve their ESG goals.

Starsight has completed over 500 sites in Nigeria since 2015. The company currently has 41 MW of installed generating capacity, 33 MWh of battery storage, and 16,320 HP of cooling capacity across Nigeria and Ghana, with new markets anticipated to come online in 2021.

Ecobank is one of Starsight Energy’s largest clients by number of sites, with 150 power installations across their branches in Nigeria. Starsight’s state-of-the-art systems will enable Ecobank to avoid over 45,000 tons of CO2 emissions over the project lifetime while significantly reducing power and cooling costs. Ecobank’s Executive Director of Corporate Banking, Kola Adeleke, received the award on behalf of the bank.

Olugboyega Falayi, the Head of Business Services for Ecobank, commented, “our partnership with Starsight has enabled Ecobank to reduce its carbon emissions whilst delivering a cleaner working environment, thereby promoting the Bank’s environmental sustainability policy. Further, the steady and clean power supply at our locations has greatly improved uptime for in-branch ATMs, translating to improved income and better brand perception.”

“Starsight has been consistent and prompt in deployments to Ecobank sites even during the COVID-19 pandemic. The Company has exhibited excellent customer service and response time to issues whenever they arise. We are confident that both parties will continue to benefit from this relationship in the future.”

Tony Carr, Starsight Energy’s CEO, added, “Ecobank has reached an impressive milestone, and we are proud to support them in achieving their sustainability goals while ensuring their customers and staff never have to worry about power downtime. Our financial sector clients rely on our 99.9% uptime guarantee to keep their vital business of banking going 24/7. We deeply value our long-term clients like Ecobank and we are thankful for the backing from our equity investors
Helios Investment Partners and African Infrastructure Investment Managers and debt investors Norfund and Finnfund, which allows us to establish and expand these long-term relationships.”

Founded in 2015, Starsight Energy is the leading African Commercial & Industrial (C&I) energy-as-a-service provider. It has deployed 41 MW of installed generating capacity, 33 MWh of storage, and 16,320 HP in cooling capacity across 547 sites in all Nigerian states and Ghana. The Company’s team of highly experienced professionals provides power solutions to the most demanding enterprises, including banks, petrol station operators, schools, universities, and large commercial agricultural companies. Starsight’s proprietary smart technology optimizes energy consumption enabling customers to significantly reduce energy costs and boost profitability without incurring any upfront expense. Starsight delivers an end-to-end service, from assessing a client’s energy needs to the installation and maintenance of a renewable energy solution to ongoing technical support. Starsight’s long-term relationships with its blue-chip clients reflect the quality of its in-house engineering, procurement, and construction services, along with the reliability of its operations, maintenance, and customer service. Together these provide customers with the peace of mind that all their power-related issues are in trustworthy hands.

Starsight Energy has consistently maintained the highest ESG credentials and continues to reduce its customers’ carbon footprint and harmful diesel emissions. The Company is backed by Helios Investment Partners and African Infrastructure Investment Managers.

Nigeria: +234 (0) 809 489 7800
Ghana +233 (0) 200 511 100

Ecobank Transnational Incorporated (‘ETI’) is the parent company of the Ecobank Group, the leading independent pan-African banking group. The Ecobank Group employs over 14,000 people and serves over 24 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the UK and Dubai, the United Arab Emirates. The Group offers a full suite of banking products, services and solutions including bank and deposit accounts, loans, cash management, advisory, trade, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan. For further information please visit www.ecobank.com.

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+233 (0) 200 511 100 (GH)

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