[Lagos, Nigeria], January 30th, 2025 – Sterling Bank Limited, Nigeria’s leading financial institution, has announced an exciting partnership with Sun King, Nigeria’s leading home and business solar company. This partnership is designed to provide affordable solar energy products and flexible financing options to small and medium-sized enterprises (SMEs) and households across Nigeria.

Sterling Bank customers can access loans to purchase a wide range of Sun King solar systems, with payments spread over 48 months. Once all installment payments are made, the customer’s system unlocks permanently, providing free energy for years. Sun King’s strong team of professionals based across Nigeria handles every step of the process, from site inspection and product selection support to installation, financing, servicing, and troubleshooting, backed by industry-leading warranties.

Through Sterling Bank financing, customers can choose from Sun King’s affordable solar home systems, which provide essential energy solutions such as lighting, phone charging, and powering compatible TVs, radios, and fans. 

The partnership will also offer Sun King’s advanced solar inverter systems, such as the PowerPlay Pro and PowerHub, which include customisable systems that cater to modern households’ individual needs. These inverters can power all standard AC appliances day and night, during outages, or when operating off-grid.  

“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,” said Ayo Falola, Group Head, Renewable Energy, Sterling Bank. “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.”

“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.” Noted Eno Umoh, Sun King’s General Manager Partnership Sales, West and Central Africa.

Key Highlights of the Partnership:

• Access to Premium Solar Products: Customers will have access to Sun King’s high-performance solar systems, with state-of-the-art solar and battery technology.
• Flexible Financing Options: Sterling Bank credit facilities provide a new way for businesses and individuals to acquire solar systems in affordable instalments, reducing upfront costs.
• Economic Growth: The partnership is open to homes and small and medium-sized enterprises (SMEs), providing reliable power to fuel productivity and growth.
• Environmental Impact: The initiative will help reduce Nigeria’s carbon footprint by accelerating the adoption of clean energy solutions.

This partnership underscores both brands’ commitment to driving Nigeria’s transition to renewable energy and supporting its Sustainable Development Goals (SDGs). Customers can explore these offerings by visiting any Sterling Bank branches across Nigeria or visiting any Sun King shops nationwide.

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, driving Nigeria’s growth in a competitive world.

About Sun King
Sun King is the world’s leading off-grid solar energy company with cutting-edge product design, affordable financing, and a grassroots installation model built to provide energy to the families and businesses living across Africa and Asia who lack access to reliable electricity. Founded in 2007, Sun King sets the gold standard for off-grid solar performance and design as part of its mission: powering access to brighter lives.