Access Bank Plc has partnered the Lagos Business School (LBS) to fund the school’s 350KW and 152KWh hybrid power solutions project through its Sustainable Use of Natural Resources and Energy Finance (SUNREF) facility.
A statement yesterday by the bank’s Group Head, Communications & External Affairs, Amaechi Okobi, said SUNREF is a green energy facility availed to Access Bank by the Agence Française de Développement (AFD), to support Nigeria’s journey toward carbon emissions’ reduction and a cleaner environment.
The facility dynamics match the financing organised by the bank, with renewable power expertise from the AFD through their Technical Partner, Winrock.
The bank expressed commitment to environmental preservation through its sustainability mission, which will continue through the expansion of its green risk asset portfolio.
It said the LBS financing, which was packaged by the bank’s Business Banking Division and the Project & Structured Finance team would be the first utilisation of its SUNREF facility.
The Managing Director, Access Bank, Roosevelt Ogbonna, was quoted as saying: “Our bank believes in projects with sustainable and impact value, and the LBS project is only the beginning of many such projects the bank will support using the SUNREF facility.”
The bank’s Group Head, Project & Structured Finance, Gavin Greenway, said: “It’s fitting that a citadel of learning like the LBS is the first confirmed beneficiary of the SUNREF facility. This means the energy transition gospel becomes even more compelling given the practical reference it has on its own premises.
“Students will see the solar canopy whenever they look up. This will send a powerful message to the next generation of how we must power our future.
“Whilst Africa is a negligible CO2 emitter globally, its resolve to go green will signal to the world how seriously it takes responsibility for its own emissions. We see SUNREF as just the opening phase of a larger, pan-African master plan from Access Bank.”
The SUNREF facility is available and can be obtained by applying through the SUNREF website.
It’s fitting that a citadel of learning like the LBS is the first confirmed beneficiary of the SUNREF facility. This means the energy transition gospel becomes even more compelling given the practical reference it has on its own premises.
