Energy Transition: Sterling Bank Announce Full Deployment of Solar Power in Headquarters

In a significant milestone that underscores the transition to clean energy in its operations, Sterling Bank has announced the full deployment of solar energy in 17-floor headquarters located in Marina, Lagos State.

According to a statement from the Bank on Sunday, its headquarters known as Sterling Towers was now fully powered by solar energy.

The financial institution noted that the transition to solar power was projected to significantly decrease the bank’s energy costs, allowing for increased investment in customer-centric innovations and an enhanced suite of services.

“These efforts contribute to a wide array of global goals which include mitigating climate change impacts, fostering sustainable community development, and stimulating economic growth,” it stated.

It added, “The iconic Sterling Towers, located in the bustling centre of Lagos, now boasts an operation on an advanced solar energy system. This decisive switch underscores Sterling Bank’s dedication to reducing its ecological footprint and spearheading the adoption of renewable energy within the continent.

“The exclusive use of solar power at Sterling Towers is a game-changer for African corporations in the sustainability domain. It stands as an influential illustration for other companies, proving that economic progress and ecological conservation are compatible pursuits. This monumental achievement is a tribute to the ingenuity and leadership potential of African enterprises in green energy adoption, paving the way for a more sustainable global future.”

Similarly, the Bank’s Group Chief Marketing Officer, Ibidapo Martins, said, “Our transition to solar energy reflects our deep-seated commitment to responsible corporate behaviour. It is a major stride in our quest to exemplify sustainable development in Africa and we are thrilled to be at the vanguard of the renewable energy revolution, hopefully setting a trend for others to emulate.

“This flagship project is not just about setting a record; it’s about showcasing the enormous potential Nigeria holds in transforming Africa’s energy narrative.”

Martins added that over 3,250 high-efficiency crystalline silicon photovoltaic glass panels, spanning 6,500 square meters were installed in the Bank’s 17-story building.

“This is the largest solar integration in Africa to date, and it is expected to generate 10,500 MWh over the next quarter-century while providing 995 kWp to power our headquarters,” he added.


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