Renewvia and its local partner Incremental Energy Solutions Limited (IES) announced the signing of a long-term power supply contract with UBA to supply their branches with clean energy generated from Renewvia’s cutting-edge microgrids.
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 touch points and has subsidiaries in 20
African countries and offices in London, Paris and New York and more than $20
billion of assets.
IES and Renewvia analyse each site and project independently
and provide an energy transition road map that is customized to the clients
financial, environmental and impact goals. Renewvia then design, build,
finances, owns and operates the clean energy infrastructure and provides unique
reporting and monitoring tools to its clients to track the performance and
impact of the project.
“This a landmark transaction not just for Renewvia, IES, and
UBA, but for the African clean energy industry in general that suffers from
lack of foreign capital investments,” said Oladipupo Omodara, CEO of IES.
“This is definitely one of most exciting energy transition
mandates Renewvia is undertaking in the USA and Africa to help businesses and
communities transition to affordable, cleaner and resilient energy sources, we
remain committed to supporting all our clients and communities for a better
future,” said Trey Jarrard, CEO of Renewvia said.
Renewvia is a Georgia, USA, based a global developer, owner
and operator of clean energy infrastructure. Renewvia transitions businesses
& communities into clean, resilient and affordable energy sources and
currently has more than 100MW of solar and storage projects in its pipeline.
Incremental Energy Solutions Limited (IES) is Lagos, Nigeria
based professional energy services and projects consulting firm tailored to
help Africa discover the right position for her energy sector and occupy their
space in global renewable energy investment.
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