Sterling Bank transitions to Solar Energy

 

…Becomes first organisational headquarters in Africa to be fully powered by solar energy.

 

The headquarters of Sterling Bank located in Marina, Lagos State has fully transitioned to solar energy in a boost to the global sustainability movement.

A statement from the financial institution on Sunday said, Sterling Bank Headquarters, known as Sterling Towers was now fully powered by solar energy.

It stated, “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.”

In his comments, the Group Chief Marketing Officer at Sterling, 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.”

He added that, Sterling’s initiative is a response to the accumulating proof worldwide that eco-friendly buildings deliver comprehensive advantages.

According to him, “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.”

Elaborating on the scale of the project, Martins said, “We have installed over 3,250 high-efficiency crystalline silicon photovoltaic glass panels, spanning 6,500 square meters on our 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.

“The transition to solar is anticipated to deliver not only environmental advantages but also substantial economic savings in energy costs, which will be reinvested into customer-centric innovations and services.”