NCBA Leasing LLP has taken a significant step toward advancing clean energy sources by providing a KES 500 million solar financing facility.
The solar financing product is designed to empower businesses by giving them a reliable and affordable way to invest in solar power systems, eliminating financial barriers to adopting solar power.
Speaking Thursday during the installation of solar panels at the 67 Airport Hotel leased by NCBA Leasing, Robert Marete, NCBA deputy director of leasing, said the new product will be a game changer in green financing and environmental conservation.
“The solar financing product underscores our commitment to sustainability and our understanding of businesses’ pressing need to adopt clean energy sources. As costs continue rising, it’s increasingly essential for enterprises to explore alternative power solutions that not only reduce expenses but are also environmentally friendly,” Marete said.
NCBA customers can access affordable, customized solutions backed by expert support and flexible currency options, ensuring a smooth transition to solar energy aligning with customers’ financial preferences and global operations.
Sixty-seven Airport Hotel General Manager David Kibanya expressed elation during the solar panel installation, saying it will give the hotel an edge in the hospitality industry as the global conversation around adopting clean energy gains popularity.
“This is the best financial solution for green energy. We’re proud to be among the first, especially in hospitality, to use this leasing facility and adopt solar energy. We’re proud to partner with NCBA as this innovative solution aligns with our commitment to reduce our environmental impact and contribute to a sustainable future.”
In August, NCBA became the first Kenyan bank to install electric vehicle charging stations at its facilities as part of its sustainability drive under its ESG framework.
