Sterling Bank to Achieve Off-Grid Status with Solar Power by 2023

Sterling Bank Plc’s corporate headquarters, which is powered by Building Integrated Photovoltaic (BIPV) energy technology as its primary source of energy, is set to go completely off-grid in the second quarter of the year.

Olabanjo Alimi, group head of transport and renewable energy at Sterling Bank, told EnergyPlanets in an exclusive interview that the building will become energy sufficient to generate its own energy and power itself after going off-grid.

“We are targeting to become off-grid by Q2 2023 as part of Sterling Bank’s HEART strategy, which prioritizes investment in five key sectors of the economy: health, education, agriculture, renewable energy, and transportation,” said Alimi. This move towards renewable energy is a demonstration of the bank’s commitment to sustainable practices.

Sterling Bank made history in 2021 by being the first African corporate organization to power its headquarters with BIPV energy technology, with the approval of the relevant regulatory agencies and the signing of an agreement with PriVida Power Limited.

The bank has several other renewable energy projects in the pipeline, including a training program for solartricians to enhance their skills and connect them with industry experts for better performance in the renewable energy value chain.”