United Bank for Africa (UBA) has partnered with Renewvia Solar Nigeria to deploy solar energy systems across 25 of its branches in five Nigerian states, marking a significant step in Nigeria-Norway clean energy collaboration.
The initiative was officially launched at a ribbon-cutting ceremony at UBA’s Oba Akran 2 branch in Ikeja, Lagos. The event was officiated by the Nordic Ambassador to Nigeria, Mr Svein Bæra, and included a tour of the inverter and battery facilities.
Under a 10-year Power-as-a-Service agreement, Renewvia will install hybrid solar and battery systems to enhance power reliability and operational efficiency. The full rollout will extend to 50 branches across 18 states, delivering 3 megawatts of solar capacity and 7 megawatt-hours of energy storage.
UBA Group Chairman Tony O. Elumelu emphasised the bank’s commitment to sustainable investment during the recent Norway-Africa Business Summit in Oslo. “Africa needs partners, not charity,” he said, calling for investment-driven collaboration.
Deputy Managing Director Muyiwa Akinyemi reaffirmed UBA’s dedication to sustainability as a cornerstone of Africa’s development. He noted that the project aligns with the bank’s broader environmental and operational goals.
Renewvia Solar Nigeria’s Managing Director, Adebowale Dosunmu, described the partnership as a milestone in delivering clean, reliable energy to Nigeria’s commercial sector. He highlighted the potential for broader impact across industries.
Oladipupo Omodara, CEO of Incremental Energy Solutions, praised UBA’s proactive role in facilitating the project, while Empower New Energy CEO Terje Osmundsen confirmed the firm’s role as financing partner.
Ambassador Bæra lauded the initiative as a model of what can be achieved through African ambition and Nordic innovation. He emphasised the importance of such partnerships in advancing global sustainability goals.
The project reflects a growing trend of private-sector-led clean energy adoption in Nigeria, reinforcing the country’s transition toward renewable power solutions.
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