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Press release: Stanbic Bank Ghana moves to renewable energy with three solar installations

Accra and Berlin, 16th July 2018: Three new solar power systems were inaugurated in Accra on Friday, signalling a move by Stanbic Bank Ghana to power its business operations with renewable energy. The systems will provide 30% of the electricity for Stanbic’s Dansoman, Tema and Kasoa branches, with a combined capacity of 40 kWp. The project was implemented by German company ecoligo GmbH together with its partners SMA Sunbelt Energy GmbH, Yingli Namene West Africa Ltd. and NorthLite Solar Ltd. and was supported by the Renewable Energy Solutions Programme from dena, the German Energy Agency.

The inauguration took place on Friday 13th of July at Stanbic Bank’s Dansoman branch, where a 20 kWp solar system has been installed. This is the largest system, with two 10 kWp systems installed at the Tema and Kasoa branches. Attendees at the event included delegates from dena and key players in the business and energy industries in Ghana.

ecoligo’s fully-financed solar-as-a-service solution allows companies like Stanbic Bank to access renewable energy while continuing to focus their resources on their core business. The project was executed in conjunction with SMA Sunbelt Energy GmbH, who provided high-quality components from renowned German inverter manufacturer SMA Solar Technology AG and was responsible for the component procurement from Germany. Yingli Namene West Africa Ltd. was responsible for the engineering and construction of the project and NorthLite Solar Ltd. was working with ecoligo on the project development from the beginning and performing installation services.

We are proud to be running our bank on solar energy and hope to lead the way for other businesses in the country. The three projects provide us with clean power, bringing us closer to a more sustainable future. Stanbic Bank Ghana is committed to conducting its business in a socially, environmentally and financially responsible manner: using renewable energy is a vital step in this.” – Alhassan Andani, CEO of Stanbic Bank Ghana

Working with experienced partners ensures that our solar projects are implemented professionally and safely and are built to last. As one of the first of our projects in Ghana, we are very happy to see its successful commissioning. This creates a strong blueprint for future projects and we look forward to completing many more in Ghana this year.” – Markus Schwaninger, CFO of ecoligo

ecoligo GmbH

ecoligo provides a fully financed solar-as-a-service solution for businesses in emerging markets. With a complete digital platform for financing and delivering solar projects, ecoligo removes the barriers that prevent such projects from being realised. Supplying these businesses with affordable electricity enables them to grow and boost the local economy. Find out more at

Stanbic Bank Ghana

With over 1,600 employees and 39 branches, Stanbic Bank Ghana Ltd. (Stanbic) is one of the largest banks in Ghana. The bank prides itself on being a customer oriented, business friendly and socially relevant bank, which has been at the forefront of the positive transformation of the banking and services industry in the country. Stanbic has received numerous awards from the Ghana Investment Promotion Centre, including Best Financial Institution and Best Bank in Ghana, and in 2009 joined the league of First Tier banks in Ghana.

This project is part of the worldwide dena Renewable Energy Solutions Programme coordinated by the Deutsche Energie-Agentur (dena) – the German Energy Agency – and supported by the German Federal Ministry for Economic Affairs and Energy (BMWi) within the German Energy Solutions Initiative.

German Energy Agency (dena)

dena is Germany’s centre of expertise for energy efficiency, renewable energy sources and intelligent energy systems. As Agency for Applied Energy Transition dena helps achieve energy and climate policy objectives by developing solutions and putting them into practice, both nationally and internationally. In order to do this, dena brings partners from politics and business together, across sectors. dena’s shareholders are the Federal Republic of Germany and the KfW Group.

German Energy Solutions Initiative

The transfer of energy expertise, the promotion of foreign trade and the facilitation of international development cooperation are part of the German Energy Solutions Initiative, which is coordinated and financed by the German Federal Ministry for Economic Affairs and Energy. The initiative offers networking and business opportunities in Germany and abroad, it showcases reference projects and facilitates capacity building.

dena Renewable Energy Solutions Programme (dena RES Programme)

The dena RES Programme was developed by the Deutsche Energie-Agentur (dena) – the German Energy Agency. This programme, supported by the Federal Ministry for Economic Affairs and Energy within the German Energy Solutions Initiative, helps German renewable energy companies enter new markets. Within the framework of the programme, reference and demonstration projects are installed in cooperation with prestigious institutions. The installation is accompanied by comprehensive PR, marketing and training programmes. These projects showcase high-quality German renewable energy technology and help participating companies gain a foothold in new markets.

Press contacts

Emma Patmore
+49 157 810 368 70

Stanbic Bank Ghana
Kojo Akoi-Larbi
+233 302 610 690