NCBA Leasing LLP has made a significant move towards promoting clean energy by offering a solar financing facility worth KES500M.
This new Solar Financing Product aims to empower businesses by providing them with an affordable and reliable way to invest in solar power systems, eliminating the financial barriers associated with solar adoption.
During the commissioning of the solar panels at the 67 Airport Hotel, which is leased by NCBA Leasing LLP, Robert Marete, the Deputy Director of Leasing at NCBA, expressed his excitement about the potential impact of this product on green financing and environmental conservation.
He emphasized the bank’s commitment to sustainability and the growing need for businesses to embrace clean energy sources. Marete highlighted that as operational costs continue to rise, it is crucial for enterprises to explore alternative power solutions that not only reduce expenditure but also contribute to environmental preservation.
NCBA customers can now access affordable and customized solutions, supported by expert guidance and flexible currency options, to facilitate a smooth transition to solar energy. This offering aligns with customers’ financial preferences and global operations, making it an attractive option for businesses looking to adopt clean energy.
David Kibanya, the General Manager of 67 Airport Hotel, expressed his enthusiasm for the solar panels’ installation at the facility. He believes that this move will give them a competitive advantage in the hospitality industry, especially as the global conversation around clean energy adoption gains momentum.
Kibanya praised NCBA for providing an innovative financial solution that aligns with their commitment to reducing their environmental impact and contributing to a more sustainable future.
It is worth noting that NCBA has been at the forefront of sustainable initiatives. In August of this year, the bank became the first in Kenya to install electric vehicle (EV) charging stations at its facilities as part of its broader sustainability drive.
The charging stations are available for both customers and staff. Additionally, NCBA partnered with d.light Ltd, a leading provider of ‘Pay as you Go’ and solar-powered solutions, to acquire 60 electric mini-vans and 145 motorcycles.
NCBA Leasing LLP has a longstanding commitment to promoting sustainable practices and is continuously exploring innovative ways to support businesses in their transition to clean energy.