Sterling Bank Renewable Energy Project
Sterling Bank Renewable Energy Project Finance
Through this funding program, eligible developers can secure financing for the acquisition and deployment of renewable energy solutions, including mini-grids, solar home systems (SHS), and commercial & industrial (C&I) projects.
Eligible projects
Sterling Bank’s Renewable Energy Financing supports a variety of clean energy projects, including:
- Mini-Grids – Enabling rural electrification and last-mile connectivity
- Solar Home Systems (SHS) – Affordable energy access for households and small businesses
- Commercial & Industrial (C&I) Projects – Helping businesses cut energy costs with solar, wind, biomass, hydro, and battery-powered inverter systems
We have powered thousands of homes and businesses through our bouquet of solutions in the renewable energy sector.
Indicative terms
Sterling Bank offers flexible financing terms to match the unique needs of renewable energy developers:
- Tenor: Up to 4 years (maximum)
- Moratorium: Up to 12 months (depending on project size & energy capacity)
- Equity Contribution: Minimum of 20% of the total project cost
- Interest Rate: Determined based on current market conditions
- Repayment Mode: Monthly or quarterly, aligned with cash flow patterns
Type of financing
Sterling Bank Renewable Energy Project Finance
This financing program provides structured funding for renewable energy projects, allowing developers to efficiently scale up clean energy deployment.
Security requirements
To ensure smooth financing, the following security measures apply:
- Legal charge on financed renewable energy equipment (Assets will be purchased in the Bank’s name)
- Comprehensive insurance on the financed renewable energy assets
- Assignment of warranty benefits to the Bank
- Personal guarantee from the principal promoter/director of the business
- Additional collateral may be required, subject to project review
Why choose Sterling Bank for renewable energy financing?
Proven Track Record – Successfully financing renewable energy solutions across Nigeria
Flexible Financing – Competitive interest rates and tailored repayment schedules
Impact-Driven Approach – Part of the HEART of Sterling initiative, supporting energy transition
Get started today
Are you ready to finance your renewable energy project with Sterling Bank? Take the next step toward sustainable power solutions today.
Contact us: renewableenergycorporate@sterling.ng