In a significant stride toward deepening economic ties between Nigeria and Norway, Africa’s Global Bank, United Bank for Africa (UBA) has partnered with Renewvia Solar Nigeria to deploy renewable energy solutions across 25 UBA branches in five Nigerian states.
The initiative was formalised at the official Ribbon Cutting ceremony held at the UBA Oba Akran 2 branch, Ikeja, Lagos, Nigeria, on Wednesday, by the Nordic Ambassador to Nigeria, Mr Svein Bæra, which followed a walkthrough of the Inverter/Battery Room and Operations by the Renewvia Team.
This initiative reflects a growing commitment to sustainable investment and innovation, a key message emphasised by UBA Group Chairman, Tony O. Elumelu, CFR, during the recent Norway–Africa Business Summit held in Oslo, where he urged global partners to view Africa not as an aid destination, but as a continent of opportunity and enterprise. “Africa needs partners, not charity,” Elumelu stated in Oslo, calling for deeper collaboration built on mutual respect, entrepreneurship, and investment.
The partnership between UBA and Renewvia embodies that call, channelling Nordic investment and African innovation into tangible, long-term impact.
Supported by Empower New Energy, a leading Norway-based renewable investment company, and Incremental Energy Solutions (IES), the project will deliver the first phase of 152,000 kWh of clean energy monthly, reducing UBA’s carbon footprint by over 89,000 kilograms of CO₂ each month.
Under a 10-year Power-as-a-Service agreement, Renewvia will deploy advanced solar and battery hybrid systems across UBA’s branches, ensuring superior power reliability, operational efficiency, and an enhanced customer experience. Upon full rollout, the project will cover 50 locations across 18 states, representing 3 MWp of solar capacity and 7 MWh of energy storage.
UBA’s deputy managing director, Muyiwa Akinyemi, said, “At UBA, we believe sustainability is not just a responsibility but a key part of building Africa’s future. This project demonstrates how innovation and partnership can deliver lasting impact in terms of growth and advancement, reducing our carbon footprint, improving operational efficiency, and contributing to a cleaner environment. He said, “We are proud to work with Renewvia Solar Nigeria, Incremental Energy Solutions, and Empower New Energy to make this vision a reality.”
For his part, the managing director of Renewvia Solar Nigeria Limited, Adebowale Dosunmu, said, “This partnership with UBA marks a major milestone in our mission to deliver reliable, clean energy to commercial and industrial clients across Nigeria. We are proud to support UBA’s leadership in sustainability and operational excellence.
The CEO of Incremental Energy Solutions (IES) Ltd, Oladipupo Omodara, who also spoke on the project, said, “We appreciate the cooperation and proactiveness of the UBA management team, whose support helped bring this remarkable project and partnership to life. We at IES are particularly pleased that this success reinforces our commitment to helping Africa claim its rightful place in global energy investment and technology deployment.”
In his remarks, CEO of Empower New Energy, Terje Osmundsen, stated that Empower New Energy is proud to be the financing partner for a project with Renewvia Solar Nigeria, supporting UBA’s commitment to cleaner and more reliable energy. “This partnership reflects our mission to enable African businesses to access sustainable power through innovative financing. It also demonstrates the strength of Nordic-African cooperation in accelerating the transition to renewable energy,” Osmundsen explained.
Earlier, in his goodwill message, the Ambassador of Norway to Nigeria, Mr Svein Bæra, noted that the partnership is a shining example of what can be achieved when African ambition meets Nordic investment and innovative practices. “It also represents not just an energy milestone, but a strong statement of shared commitment to sustainable growth and climate responsibility,”.
This collaboration underscores UBA’s position as a bank at the forefront of sustainability, integrating renewable energy to power its operations and reduce emissions. It also highlights the crucial role of Nordic investment through Empower New Energy in accelerating Nigeria’s transition toward cleaner, more reliable energy systems.
Most importantly, in terms of Africa’s rapid growth and advancement, it also aligns with Tony Elumelu’s broader vision of transforming Africa through entrepreneurship, private sector leadership, and strategic global alliances, partnerships that build capacity, create jobs, and unlock long-term value for both continents.
United Bank for Africa is one of Africa’s leading financial institutions, employing over 25,000 people and serving more than 45 million customers globally. Operating in twenty African countries, the United Kingdom, United States, France, and the United Arab Emirates, UBA provides retail, commercial, and institutional banking services, advancing financial inclusion and innovation across its markets.
Renewvia Solar Nigeria, a subsidiary of Renewvia Energy Corporation (USA), designs, finances, builds, and operates hybrid and solar-plus-storage energy systems across Africa. It delivers clean and reliable energy solutions for commercial, industrial, and community clients.
Incremental Energy Solutions is a Nigerian renewable energy development firm specialising in project origination, structuring, and facilitation. IES partners with developers and financiers to deliver bankable, high-impact energy projects that transform Africa’s clean energy.
Empower New Energy is a leading Nordic renewable investment company that provides long-term financing for clean energy projects across Africa. Through innovative financial models, Empower enables businesses to access affordable solar power, supporting sustainable economic growth and stronger Nordic–African partnerships.
