REAN, Access Bank Partner To Advance Renewable Energy  

The Renewable Energy Association of Nigeria (REAN) and Access Bank have strengthened their commitment to advancing renewable energy initiatives, a move highlighted at the 2024 Renewable Energy Conference held in Abuja recently.

With the theme: ‘Unlocking Affordable Energy for All,’ the event provided a platform for stakeholders to discuss strategies for expanding access to clean and affordable energy across Nigeria.

Speaking on the collaboration, Mr. Ayo Ademilua, President of REAN, expressed optimism about Access Bank’s involvement in promoting Nigeria’s renewable energy agenda. He commended the bank for its proactive engagement, stating: “We are glad that Access Bank is in this with us. Their renewed drive to support clean energy access is inspiring. With REAN guiding and collaborating, I believe Access Bank will back their words with actionable results.” Mr. Ademilua also shared hopes for significant financial support from the bank to drive renewable energy projects across the country.

Representing Access Bank, Mr. Gregory Jobome, Executive Director of Risk Management, emphasised the importance of renewable energy to economic development and societal progress. “At Access Bank, we recognise that energy is the backbone of economic development and a fundamental need. Our commitment to renewable energy stems from the belief that sustainable solutions are essential for a brighter, more inclusive future,” Mr. Jobome stated.

He further highlighted the bank’s readiness to work with REAN and other stakeholders to address barriers to clean energy access. “Financing sustainable solutions requires vision, partnerships, and innovative frameworks. This conference is a unique platform to share ideas that will propel us towards universal energy access,” he added.

Access Bank’s sustainability journey began in 2008 with the establishment of a dedicated unit focused on integrating global best practices into its operations. Mr. Jobome highlighted the bank’s alignment with global goals such as the Sustainable Development Goals (SDGs) and the net-zero transition, reiterating its leadership in promoting sustainable finance.

The collaboration with REAN also aligns with Access Bank’s recently launched Sustainable Finance Accelerator Program, which supports businesses, particularly micro, small and medium sized enterprises (MSMEs) and nano enterprises, in climate mitigation, adaptation, healthcare, and other social projects. This initiative demonstrates the bank’s commitment to fostering innovation in renewable energy financing and attracting investments to drive clean energy projects.

Interested applicants can register for the Sustainable Finance Accelerator Program by visiting Access Bank’s official website or following its social media channels for updates.