Nigeria’s Unity Bank to move branch network to solar power

Tomi SomefunTomi Somefun, managing director of Unity Bank, welcomes the transition to clean solar energy solutions. (Image source: Unity Bank)Unity Bank has agreed to work with Daystar Power in moving the power supply of Unity Bank’s branches across Nigeria from diesel generation to cleaner and more efficient solar-powered solutions

Unity Bank is one of Nigeria's retail banks with 240 branches across the country and the eighth largest bank in Nigeria by business locations.

Unity Bank is driven by the vision of being the preferred bank for all Nigerians, and the shift to a cleaner power supply will further enhance the banking experience of retail customers.

Daystar Power belongs to the venture capital company Sunray Ventures of the German founders Christian Wessels and Jasper Graf von Hardenberg.

Daystar Power will provide Unity Bank with a combination of hybrid battery backed-up solar power solutions, which will reduce costs as well as carbon emissions.

Tomi Somefun, managing director of Unity Bank, said, “We believe that our transition to clean solar energy solutions will not only help to provide a better experience to customers visiting our branches but also contribute to safeguarding our environment. We are happy to be working together with Daystar Power in this endeavour.”

Christian Wessels, Geschäftsführer von Sunray Ventures, commented, “A significant gap between required and available electricity from the grid is prevalent across Nigeria, leading to most businesses using diesel generators for most of the day.”

“However, advances in technology have made it economical for commercial and industrial customers alike to switch to cleaner hybrid solar power solutions. We are very happy that Unity Bank has decided to be at the forefront of this development to provide cleaner and economical power solutions to its branch network,” Wessels added.

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