NCBA Bank continues to advance its sustainability agenda with the launch of a new Solar Photovoltaic (PV) campaign, aimed at helping local businesses reduce carbon footprints and manage rising energy costs. Announced on Tuesday, this campaign underscores NCBA’s commitment to supporting businesses through innovative financial solutions that promote clean energy adoption and long-term sustainability.
At the heart of the campaign is the Solar PV Leasing solution, designed to make solar energy more accessible for industries like manufacturing, healthcare, and agriculture. This solution offers a flexible and affordable path to solar adoption, allowing businesses to integrate solar power into their operations without the burden of large upfront investments. Instead, businesses can make manageable lease payments over time, enabling them to transition to renewable energy with ease.
NCBA’s Solar Financing Product is tailored to remove the financial barriers associated with investing in solar energy. By offering affordable leasing options, the bank empowers businesses to take a significant step toward energy efficiency and cost reduction. This initiative not only supports businesses in reducing operational costs but also aligns with broader sustainability goals by promoting renewable energy sources in key economic sectors.
Lennox Mugambi, NCBA Group Director of Asset Finance, emphasized the importance of this solution in enhancing energy efficiency across industries. “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 Mugambi, highlighting the bank’s role in driving sustainable business practices.
This campaign follows closely on the heels of NCBA’s KES500M solar financing facility, launched nearly a year ago to support clean energy projects. Through these initiatives, NCBA Bank is reaffirming its dedication to advancing renewable energy solutions that empower businesses and contribute to environmental sustainability. The bank remains focused on providing clients with financial solutions that align with Kenya’s broader goals of reducing emissions by 32% by 2030.
NCBA’s solar campaign is a testament to the bank’s commitment to driving economic and environmental imperatives in tandem. With Environmental, Social, and Governance (ESG) principles at the forefront of its strategy, NCBA is not only helping businesses lower energy costs but also contributing to Kenya’s mission of creating a greener, more sustainable future.
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