UBA Partners with Renewvia on 25 Branch Solar Systems

…Enhancing the collaboration between Nigeria and Norway in the field of clean energy

In a major advancement aimed at enhancing economic relations between Nigeria and Norway, United Bank for Africa (UBA) has collaborated with Renewvia Solar Nigeria to implement renewable energy solutions at 25 UBA branches located in five Nigerian states.

The partnership was formalized during an official ribbon-cutting ceremony at the UBA Oba Akran 2 branch in Ikeja, Lagos, on Wednesday, attended by the Nordic Ambassador to Nigeria, Mr. Svein Bæra. The ceremony included a walkthrough of the inverter/battery room and operations by the Renewvia team.

A bank statement noted that this initiative reflects a growing commitment to sustainable investment and innovation. UBA Group Chairman Tony O. Elumelu emphasized this message during the recent Norway-Africa Business Summit in Oslo, urging global partners to see Africa not as a aid recipient but as a continent of opportunity and enterprise.

“Africa needs partners, not charity,” Elumelu stated in Oslo, calling for deeper collaboration based on mutual respect, entrepreneurship, and investment.

The bank stated: ”Under a 10-year Power-as-a-Service agreement, Renewvia will install advanced solar and battery hybrid systems across UBA’s branches, ensuring better power reliability, operational efficiency, and an improved customer experience. Once fully implemented, the project will cover 50 locations across 18 states, with 3 MWp of solar capacity and 7 MWh of energy storage.”

UBA’s Deputy Managing Director, Muyiwa Akinyemi, said, “At UBA, we believe sustainability is not just a responsibility but a key part of building Africa’s future.”

Adebowale Dosunmu, Managing Director of Renewvia Solar Nigeria Limited, added, “This partnership with UBA marks a major milestone in our mission to deliver reliable, clean energy to commercial and industrial clients across Nigeria.”

Oladipupo Omodara, CEO of Incremental Energy Solutions (IES) Ltd, also commented on the project, saying, “We appreciate the cooperation and proactive approach of the UBA management team, whose support helped bring this remarkable project and partnership to life.”

Terje Osmundsen, CEO of Empower New Energy, stated that Empower New Energy is proud to be the financing partner for this landmark project with Renewvia Solar Nigeria, supporting UBA’s commitment to cleaner, more reliable energy.

Earlier, in his goodwill message, the Norwegian ambassador to Nigeria, Mr. Svein Bæra, noted that the partnership is a shining example of what can be achieved when African ambition meets Nordic investment and innovative practices.