Renewvia Energy and its local partner, Incremental Energy Solutions Limited, have signed a long-term power supply contract with United Bank for Africa to supply their branches with clean energy generated from Renewvia’s cutting-edge microgrids.
Under the contract, Renewvia will design, finance, own and operate solar microgrid systems to deliver clean, resilient, and affordable power supply to UBA’s branches, substantially reducing the bank’s carbon footprint and advancing environmental goals while generating significant financial savings.
UBA is a multinational pan-African financial services group headquartered in Lagos and known as Africa’s global bank. It operates over 1,000 business offices and customer touchpoints, and has subsidiaries in 20 African countries and offices in London, Paris and New York. It has over $20bn in assets.
A statement by Renewvia said the firm and IES would analyse each site and project independently, and provide an energy transition roadmap that is customised to the client’s financial, environmental and impact goals.
Renewvia will afterward design, build, finance, own, operate the clean energy infrastructure, and provide unique reporting and monitoring tools to its clients to track the performance and impact of the project