16 APRIL 2021

Starsight Presents Sustainability Award to Union Bank of Nigeria for Reaching 100 Sites

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Lagos, NIGERIA – 16th April 2021: Starsight Energy, the leading Commercial and Industrial (“C&I”) solar power provider in West Africa, presented its 2020 Sustainability Award to Union Bank of Nigeria for reaching 100 installations of Starsight power, cooling, and battery storage solutions across its network. This milestone marks a significant achievement for Starsight, Union Bank, and the Nigerian C&I market.

Starsight Energy has completed over 500 sites for its clients in Nigeria since 2015. The company currently has 41 MW of installed generating capacity, 33 MWh of battery storage, and 16,320 HP in cooling capacity across Nigeria and Ghana.

Union Bank became a Starsight Energy client in 2017 and has Starsight end-to-end power and cooling solutions at 113 of its branches across Nigeria to date. These installations will help Union Bank avoid over 36,000 tons of CO2 emissions over the project’s lifetime.

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’ 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.”

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 gives 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.”

ABOUT STARSIGHT ENERGY
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 battery 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.

http://www.starsightenergy.com
Nigeria: +234 (0) 809 489 7800
Ghana: +233 (0) 200 511 100

ABOUT UNION BANK Plc.
Established in 1917 and listed on the Nigerian Stock Exchange in 1971, Union Bank of Nigeria Plc. is a household name and one of Nigeria’s long-standing and most respected financial institutions. The Bank is a trusted and recognizable brand, with an extensive network of over 300 branches across Nigeria.

In late 2012, a new Board of Directors and Executive Management team were appointed to Union Bank and in 2014 the Bank began executing a transformation programme to re-establish it as a highly respected provider of quality financial services.

The Bank currently offers a variety of banking services to both individual and corporate clients including current, savings and deposit account services, funds transfer, foreign currency domiciliation, loans, overdrafts, equipment leasing and trade finance. The Bank also offers its customers convenient electronic banking channels and products including Online Banking, Mobile Banking, Debit Cards, ATMs and POS Systems.
More information can be found at: www.unionbankng.com
Media Enquiries: Email yowonubi@unionbankng.com

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