NCBA Leasing LLP Commits KES500 million to Solar Projects

October 25, 2023, Nairobi…NCBA Leasing LLP has taken a significant stride towards advancing clean energy sources through the provision of a KES500M solar financing facility.

The Solar Financing Product is tailored to empower businesses by providing them with a reliable and affordable means to invest in solar power systems, therefore eliminating the financial barriers associated with solar adoption.

Speaking during the commissioning of the solar panels at 67 Airport Hotel leased by  NCBA Leasing LLP,  Robert Marete  NCBA Deputy Director , Leasing  said the new product is poised to be a game changer in green financing and environmental conservation.

“The Solar Financing Product underscores our commitment to sustainability and our deep understanding of the pressing need for businesses to adopt clean energy sources. 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,” Mr. Marete said. 

NCBA customers are poised to access affordable, customized solutions backed by expert support and flexible currency options, ensuring a smooth transition to solar energy that aligns with customers’ financial preferences and global operations.

67 Airport Hotel General Manager David Kibanya expressed his elation during the commissioning of the solar panels at the facility, stating that this will give them an edge in the hospitality industry, especially at a time when the conversation around the adoption of clean energy continues to gather popularity worldwide. 

“This is no doubt the best financial solution when it comes to green energy. We are proud to be among the first institutions, especially in the hospitality industry, to tap this Leasing facility and adopt solar energy in our operations. 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.”

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.

NCBA Leasing LLP has a long-standing commitment to promoting clean energy solutions, and this new Solar Financing Product is yet another testament to the bank’s dedication.