Clean Energy Transition Advances With N2bn Solar Financing By Bank, Pay TV

Sterling Bank and StarTimes Nigeria have unveiled Sterling Solar Financing Hubs inside StarTimes retail outlets. This initiative embeds on-the-spot solar financing at the point of purchase, with a joint target of reaching N2 billion in renewable energy financing by the end of 2026.

The initiative builds on an existing partnership that has already facilitated over N600 million in solar financing transactions over the past year. The new 2026 target represents more than a threefold expansion, aimed at enabling thousands of Nigerian households and small businesses to transition to reliable, affordable, and sustainable energy.

By embedding Sterling’s financing expertise directly within StarTimes’ retail network, customers can now walk into participating outlets, select their preferred solar solution, receive financial guidance from dedicated Sterling Solar Financing Advisors, and begin the financing process immediately, subject to the Bank’s credit assessment.

Speaking on the partnership, Darlington Nwankwo, Divisional Head, Renewable Energy and Mobility at Sterling Bank, said, “Sterling exists to enrich lives, and we believe that access to clean, reliable energy should be within everyone’s reach. Through this partnership with StarTimes, we are democratising access to solar by bringing financing directly to the point of need, enabling more families and businesses to transition to sustainable energy without the burden of prohibitive upfront costs. This is about unlocking opportunity, improving livelihoods, and powering Nigeria’s future.”

The first phase of the rollout commences this July with five Solar Financing Hubs across Lagos, located in Lekki, Ikeja, Festac, Surulere, and Victoria Island. The network will expand rapidly to 46 StarTimes outlets nationwide before the end of the third quarter of 2026, with a view to extend the model to more than 200 StarTimes locations nationwide.

Vice president of StarTimes Nigeria, Eric Xiao, added, “With the rollout of the Sterling Solar Financing Hubs, we are doing more than just selling solar products; we are building a sustainable energy ecosystem. By integrating StarTimes’ extensive service network with Sterling Bank’s professional financial services, we are significantly lowering the barrier for Nigerian households and small businesses to access clean energy. Moving forward, we will continue to deepen this partnership, ensuring that more Nigerians can enjoy reliable, affordable, and smart energy solutions, ultimately turning our vision of energy accessibility into a reality for all.”

As the partnership scales nationwide, Sterling Bank and StarTimes will continue working together to democratise access to clean energy financing, empowering more Nigerians to solarise their homes and businesses while contributing to a greener future.

As one of the pioneering financial institutions in Nigeria with a dedicated Renewable Energy division, Sterling Bank reflects a long-term commitment to financing solutions that drive sustainable development and improve quality of life. Through innovative partnerships such as this, Sterling continues to bridge financing gaps while accelerating the adoption of clean energy across Nigeria.