NAIROBI, Kenya- In a bold move to enhance sustainability efforts, NCBA Bank has launched a new Solar Photovoltaic (PV) campaign aimed at helping Kenyan businesses reduce their carbon footprints and curb rising energy costs.
Unveiled on Tuesday, the campaign seeks to provide industries like manufacturing, healthcare, and agriculture with affordable and flexible access to solar power through the bank’s Solar PV Leasing solution.
The innovative Solar PV Leasing program is designed to allow businesses to switch to solar energy without the hefty initial investment typically associated with renewable energy adoption.
Instead, companies can manage their solar systems through periodic lease payments, eliminating the need for significant upfront capital.
This move is set to not only boost sustainability in key sectors but also help businesses reduce operational costs while maintaining energy efficiency.
“NCBA’s Solar PV Leasing allows businesses in manufacturing, healthcare, and agriculture to benefit from solar energy with manageable payments, eliminating high upfront costs,” said Lennox Mugambi, NCBA Group Director of Asset Finance.
The bank’s commitment to promoting clean energy comes in the wake of rising energy costs and global calls for businesses to become more environmentally conscious.
NCBA’s Solar Financing Product aims to break down the financial barriers that have traditionally deterred businesses from adopting renewable energy.
By offering reliable, affordable financing options for solar systems, the bank is giving Kenyan businesses a much-needed push toward energy independence and sustainability.
This campaign reinforces NCBA’s broader environmental, social, and governance (ESG) goals, as it looks to drive economic growth through clean energy investments.
Just under a year ago, NCBA took significant strides in this area by launching a KES500 million solar financing facility, further cementing its role in Kenya’s push for cleaner energy sources.
With the country’s goal to reduce emissions by 32pc by 2030, NCBA’s latest solar initiative supports the national agenda for a greener future.
NCBA Bank is not just stopping at solar power; its broader strategy is rooted in helping clients embrace sustainable solutions, whether through clean energy projects or green infrastructure.
The bank has made it clear that its solar campaign is part of a larger plan to provide businesses with the tools they need to thrive while staying aligned with environmental imperatives.
As Kenya moves toward its ambitious emission reduction goals, financial institutions continue to play a pivotal role in financing projects that help businesses make the shift to sustainability.
