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Unity Bank and Daystar Power agree on cooperation to move branch network to solar power

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Unity Bank has agreed to work with Daystar Power to transform the power supply of Unity Bank branches across Nigeria from diesel generation to cleaner and more efficient solar powered solutions.
Unity Bank and Daystar Power agree on cooperation to move branch network to solar power
Courtesy of Unity Bank

Unity Bank is one of Nigeria's leading retail banks with 240 business offices across the country and Nigeria's 8th largest bank by business locations. The bank is aiming to improve the banking experience of retail customers by working with Daystar Power to install a cleaner power supply in its branches across the country. Daystar Power will use globally leading technology to provide Unity Bank with a combination of hybrid battery backed-up solar power solutions, thereby reducing costs as well as carbon emissions.

“Unity Bank is dedicated to being the retail bank of choice for all Nigerians and provide our customers with the best possible banking experience” said Tomi Somefun, Managing Director of Unity Bank. “We believe that our transition to clean solar energy solutions will not only help providing a better experience to customers visiting our branches, but also contribute to safeguarding our environment. We are happy to be working together with Daystar Power in this endeavour.”

Daystar Power was founded by the venture capital financier Sunray Ventures, which has set itself the task of making a significant contribution to the electrification of the African continent through private equity investments and thereby promoting the systematic expansion of renewable energy resources.

“A significant gap between required and available electricity from the grid is prevalent across Nigeria, leading to most businesses using diesel generators for most of the day” added Christian Wessels of Sunray Ventures. “However, advances in technology have made it economical for commercial and industrial customers alike to switch to cleaner hybrid solar power solutions. We are very happy that Unity Bank has decided to be at the forefront of this development and work together with Daystar Power, to provide cleaner and economical power solutions to its branch network.”

For additional information:

Unity Bank

Daystar Power

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