The shift by businesses toward greener, cost-efficient industrial operations in Kenya has gained fresh momentum following partnership between NCBA Bank and renewable energy firm Ofgen Africa. 

In a push to align financing with sustainability, the two entities have rolled out a roof-mounted, grid-tied 181kWp (DC)/130kWp (AC) Solar PV system at Haco Industries. 

The deal marks more than just an energy upgrade—it signals a practical model for how banks and clean tech innovators can collaborate to accelerate corporate sustainability without straining cash flow or working capital.

"We are thrilled to support Haco Industries in this transformative shift toward clean energy," said Robert Marete, NCBA Deputy Director Leasing LLP. "This project is an example of how sustainable financing and innovative partnerships can help businesses adopt green technologies and secure long-term financial and environmental gains."

Haco Industries is projected to achieve a 41 per cent reduction in electricity bills, generating significant cost savings that can be reinvested into business growth, innovation, and operations. 

“We are happy to partner with NCBA and Ofgen Africa on this sustainability journey. This solar installation is a significant milestone for us and it is a step forward for us to reduce our operational costs. We believe this investment strengthens our business and reinforces our promise to the communities we serve.” Said Maryann Musangi - MD, Haco Industries

The installation timeline for projects of this size typically ranges from one week to six months, depending on the complexity and scale. With this project now complete, Haco Industries is positioned as a trailblazer in Kenya’s manufacturing sector, leading the way in responsible, forward-looking business practices.

Aligned with NCBA’s broader sustainability strategy, Change the Story, which was launched in 2023, this collaboration reinforces the bank’s commitment to mobilise at least KES 30 billion in sustainable finance by 2030. 

In the future, NCBA and Ofgen Africa plan to expand similar renewable energy projects across other industries, particularly targeting small and medium-sized enterprises (SMEs) that often face funding gaps but are eager to adopt green energy solutions.