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Sterling Bank pioneers solar revolution with all-electric HQ in Nigeria

Sterling Bank, a prominent player in Nigeria’s banking sector, proudly announces a groundbreaking achievement – its headquarters, Sterling Towers, has become the first organizational headquarters in Africa to operate entirely on solar energy. This remarkable feat concludes a year marked by substantial advancements in sustainability, positioning Sterling Bank as a leader in the continent’s green revolution.

Situated on the iconic Lagos Marina, Sterling Towers has transitioned to an advanced solar energy system, establishing itself as a symbol of innovation and environmental awareness. This initiative reflects Sterling Bank’s dedication to minimizing its environmental impact and establishing new benchmarks for renewable energy use within Africa’s banking industry and beyond.

Ibidapo Martins, the Group Chief Marketing Officer for Sterling, emphasized, “Our investment in solar technology at Sterling Bank aligns with our broader commitment to responsible corporate citizenship. Our solar-powered headquarters is a natural extension of our vision to be a model of sustainable development and to inspire other institutions to follow similar paths toward adopting renewable energy.”

The project, recognized as the largest photovoltaic integration in Africa, involved installing 3,250 crystalline silicon photovoltaic glass panels, covering approximately 6,500 sqm of the towering 17-story structure. Beyond showcasing sustainable architectural design, these panels are expected to generate 10,500 MWh of electricity over the next 25 years, supplying a 995kWp power capacity to meet the building’s operational requirements.

Martins highlighted, “These efforts contribute to various global goals, including mitigating the impacts of climate change, promoting sustainable community development, and stimulating economic growth. The transition to solar power is projected to significantly reduce the bank’s energy costs, enabling increased investment in customer-centric innovations and an enhanced suite of services.”

By embracing solar power, Sterling Bank joins a select group of international corporations, such as Apple, IKEA, and Google, that have adopted renewable energy solutions. These entities not only demonstrate environmental responsibility but also validate the financial viability of their green initiatives.


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