By Cynthia Ezekwe
Renewvia Energy,a United States-based global developer, owner and operator of clean energy infrastructure, and its local partner, Incremental Energy Solutions (IES) Limited, have signed a long-term power supply contract with United Bank for Africa (UBA) to supply the bank’s branches with clean energy generated from Renewvia’s microgrids.
The agreement will see Renewvia design, finance, own, and operate solar microgrid systems to deliver clean, resilient, and affordable power supply to UBA’s branches. It is also expected to enhance a friendly environment, by reducing the bank’s carbon footprint, while generating revenue.
Rnewvia is a firm that transitions businesses and communities into clean, resilient and affordable energy sources, and currently has more than 100 megawatts of solar and storage projects in its pipeline.
A statement by the company stated that it would analyse each site and project independently, and provide an energy transition roadmap, alongside IES,to actualize the bank’s financial and environmental goals.
Trey Jarrard,the CEO of Renewvia, disclosed that the contract signed with UBA is one of the ground breaking energy transition mandates Renewvia is undertaking in the USA and Africa to help businesses and communities transition to affordable, cleaner and resilient energy sources.
He further stated that the company is committed to supporting all their clients and communities for a better future.
On his part, Oladipupo Omodara,chief executive officer, IES,described the deal as a landmark transaction not just for Renewvia, IES, and UBA, but for the African clean energy industry in general.
