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Wednesday, 07 April 2021

Starsight Energy, the leading Commercial and Industrial (“C&I”) solar power provider in West Africa, presented its second 2020 Sustainability Award to Ecobank for reaching the milestone of 100+ sites with installed sustainable power, storage, and cooling solutions.

This achievement highlights Ecobank’s commitment to sustainability, as well as Starsight’s ability to help its clients achieve their ESG goals.

Starsight has completed over 500 sites in Nigeria since 2015.

The company currently has 41 MW of installed generating capacity, 33 MWh of battery storage, and 16,320 HP of cooling capacity across Nigeria and Ghana, with new markets anticipated to come online in 2021.

Ecobank is one of Starsight Energy’s largest clients by number of sites, with 150 power installations across their branches in Nigeria. Starsight’s state-of-the-art systems will enable Ecobank to avoid over 45,000 tons of CO2 emissions over the project lifetime while significantly reducing power and cooling costs.

Ecobank’s Executive Director of Corporate Banking, Kola Adeleke, received the award on behalf of the bank. Head of Business Services for Ecobank, Olugboyega Falayi, commented, “our partnership with Starsight has enabled Ecobank to reduce its carbon emissions whilst delivering a cleaner working environment, thereby promoting the Bank’s environmental sustainability policy. Further, the steady and clean power supply at our locations has greatly improved uptime for in-branch ATMs, translating to improved income and better brand perception.

“Starsight has been consistent and prompt in deployments to Ecobank sites even during the COVID-19 pandemic. The Company has exhibited excellent customer service and response time to issues whenever they arise. We are confident that both parties will continue to benefit from this relationship in the future.”

Starsight Energy’s Chief Executive Officer, Tony Carr, added, “Ecobank has achieved an impressive milestone of over 11MW of installed solar and hybrid generation capacity. We are proud to support them in achieving their sustainability goals while ensuring their customers and staff never have to worry about power downtime.

“Our financial sector clients rely on our 99.9 per cent uptime guarantee to keep their vital business of banking going 24/7. We deeply value our long-term clients like Ecobank and we are thankful for the backing from our equity investors Helios Investment Partners and African Infrastructure Investment Managers and debt investors Norfund and Finnfund, which allows us to establish and expand these long-term relationships.”

About IWIN

The Independent Energy Watch Initiative (I-WIN), an enterprise of Energy ConServ and the Roundtable for the Growth and Development of Power (RODEP), is an online/web based power sector portal that strives to engage stakeholders and the Nigerian public on topical issues in the power sector.

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