In a move towards advancing clean energy adoption, NCBA Leasing LLP has introduced a Kes500 million solar financing facility, aimed at accelerating the adoption of solar power across various industries.
This Solar Financing Product will empower businesses by offering them a dependable and cost-effective means to invest in solar power systems, thereby removing the financial obstacles that have hindered solar adoption.
“As operational costs continue to rise, it is increasingly essential for enterprises to explore alternative power solutions that not only reduce expenditure but are also environmentally friendly,” said NCBA Leasing LLP Deputy Director Robert Marete.
The launch of this initiative was celebrated during the commissioning of solar panels at the 67 Airport Hotel, which is among the properties leased by NCBA Leasing LLP.
A sustainable future
“We are proud to have found a partner in NCBA as this innovative solution aligns with our commitment to reduce our environmental impact and contribute to a more sustainable future,” noted 67 Airport Hotel General Manager David Kibanya.
The Solar Financing Product marks a pivotal step in facilitating the transition to clean energy sources within the Kenyan business landscape.
In August this year, NCBA became the first bank in Kenya to install EV charging stations at its facilities as part of its broader sustainability drive in line with the bank’s ESG framework under the theme “NCBA Change the Story.”
The charging stations are available for their customers and staff to use. This was in addition to a partnership with d.light Ltd, a leading provider of ‘Pay as you Go’ and solar-powered solutions that aim to acquire 60 electric Mini-vans and 145 motorcycles.