UBA, Renewvia Launch Solar Rollout in Nigeria

Key Figures & Findings: United Bank for Africa (UBA) partnered with Renewvia Solar Nigeria to deploy solar solutions across 25 UBA branches in five Nigerian states. The initiative is supported by Empower New Energy, based in Norway, and Incremental Energy Solutions. The initiative was launched at UBA’s Oba Akran 2 branch in Lagos, attended by Nordic Ambassador Svein Bæra, signaling stronger Nigeria–Norway renewable energy collaboration.

Statistics & Insights:

• Initial Deployment: The first phase covers 25 branches across five states, delivering 152,000 kWh of clean energy monthly.

• Impact: This phase will reduce UBA’s carbon footprint by over 89,000 kilograms of CO₂ every month.

• Final Goal: The full rollout will cover 50 locations across 18 states, providing 3 MWp of solar capacity and 7 MWh of energy storage.

• Agreement: The deal is structured as a 10-year Power-as-a-Service agreement.

Future Implications: By integrating hybrid solar-battery systems, the bank can significantly reduce power costs and emissions, while improving customer experience and energy resilience. The collaboration also underscores Norway’s growing clean energy footprint in West Africa, potentially paving the way for broader Nordic–African renewable investment flows.

Source: Punch Nigeria

Quick Take: UBA’s solar rollout turns Nordic investment into clean, reliable banking power across Nigeria.