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Sustainable Banking

How Nigerian Banks are Transforming Energy
Practices for a Greener Future

As global pressures mount for industries to mitigate their environmental footprint, the financial sector in Nigeria faces increasing challenges related to energy usage and sustainability practices. For commercial banks in Nigeria, a significant hurdle is navigating operations within a power-constrained environment characterised by high energy costs, unreliable grid supply, maintenance and logistical burdens, environmental impacts, and operational inefficiencies.

The Key Stats

Solution Delivered

Cooling and Power-as-a-Service (CPaaS)

Energy Generation Type

Solar Power, Generator and Grid

Project Type

PPA

Sector

Commercial Banking

Location

Pan Nigeria

Installed Capacity

Starting from 8.6 MW (Full Hybrid)

Annual Savings

Starting from ₦2Bn

Energy Cost Savings

Starting from 35%

Diesel Consumption Reduction

Starting from 35%

CO₂ Offset (kg)

Starting from 5,000,000

* - The information above reflects general results across our client network, not one specific client. This information also offers an estimate of results.

The Banks are making significant strides in aligning with their respective Citizenship, Sustainability, and Innovation (CSI) pillars by integrating Starsight Energy’s Cooling and Power-as-a-Service (CPaaS) solutions. This strategic collaboration not only supports the Central Bank of Nigeria's Sustainable Banking Principles but also contributes to the advancement of the UN Sustainable Development Goals (SDGs).

By adopting these innovative energy solutions, the banks individually aim to significantly reduce their reliance on fossil fuels while promoting the use of clean energy. This initiative reflects a robust commitment to enhancing environmental sustainability and improving operational efficiency across their branches and associated services.

Moreover, the partnership with Starsight Energy reinforces the banks’ dedication to renewable energy and responsible corporate citizenship. As they embrace this transition towards greener energy sources, these banks are setting a strong example in the financial sector, demonstrating that a commitment to sustainability can coexist with high levels of operational performance and corporate responsibility.

It’s time to rethink your energy strategies and consider the benefits of alternative, reliable energy sources. Join the movement toward sustainability and operational efficiency! Explore how transitioning to solar power and battery systems can not only reduce your energy costs but also enhance your commitment to environmental stewardship.

Unlock real-world insights and results
Download the Case Study

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