Sterling Bank Limited, one of Nigeria’s leading financial institutions, has announced a strategic partnership with Sun King, a top provider of solar energy solutions. This collaboration aims to enhance access to affordable solar energy for small and medium-sized enterprises (SMEs) and households across Nigeria by providing flexible financing options.
Through this initiative, Sterling Bank customers can secure loans to purchase Sun King solar systems, with repayment plans extended over 48 months. Upon completion of the instalment payments, the solar system becomes fully unlocked, ensuring years of free and sustainable energy. Sun King’s team will oversee the entire process, including site inspection, product selection, installation, financing, servicing, and troubleshooting, all backed by industry-leading warranties.
The partnership will provide access to Sun King’s range of solar home systems, offering essential energy solutions such as lighting, phone charging, and powering small appliances like TVs, radios, and fans. Additionally, customers can acquire Sun King’s advanced solar inverter systems, including the PowerPlay Pro and PowerHub, designed to power standard AC appliances even during outages or off-grid operations.
Speaking on the initiative, Ayo Falola, Group Head of Renewable Energy at Sterling Bank, stated, “At Sterling Bank, we are committed to empowering Nigerians with the tools they need to thrive, especially in an era where energy access is vital for economic growth. Our partnership with Sun King is a step toward a greener, brighter, and more inclusive future, ensuring that small businesses and households can access clean energy without barriers.”
Eno Umoh, Sun King’s General Manager for Partnership Sales in West and Central Africa, emphasized the economic benefits, noting, “The right mix of solar technology and access to finance shields customers from rising generator and electricity costs. Through our partnership with Sterling Bank, Sun King is enabling quick, easy access to financing, empowering families to go solar, save money, and enjoy reliable electricity despite power cuts.”
Key Highlights of the Partnership:
- Access to Premium Solar Products: Customers will have access to Sun King’s high-performance solar systems, featuring state-of-the-art solar and battery technology.
- Flexible Financing Options: Sterling Bank credit facilities provide businesses and individuals with an affordable installment-based payment plan, reducing upfront costs.
- Economic Growth: By making reliable power accessible, the partnership will boost productivity and foster business growth for SMEs and households.
- Environmental Impact: By accelerating the adoption of clean energy, this initiative contributes to reducing Nigeria’s carbon footprint and supports the country’s Sustainable Development Goals (SDGs).
This partnership underscores the commitment of both Sterling Bank and Sun King to driving Nigeria’s transition to renewable energy. Customers interested in exploring these offerings can visit any Sterling Bank branch nationwide or any Sun King shop across Nigeria.
About Sterling Bank
Sterling Bank is a leading financial institution committed to driving innovation and progress in Nigeria. The bank offers credit solutions that make solar energy affordable for individuals and businesses, fostering economic growth and sustainability.
About Sun King
Sun King is the world’s leading off-grid solar energy company, offering cutting-edge product design, affordable financing, and a grassroots installation model. Founded in 2007, the company is dedicated to providing reliable energy solutions for families and businesses across Africa and Asia, setting the gold standard for off-grid solar performance and design. Sun King’s mission is to power access to brighter lives.
