Businesses looking for a viable alternative to electricity from the national grid have been provided an opportunity to invest in solar power as a result of a collaboration between the Commercial Bank of Ceylon and Hayleys Solar, the renewable energy arm of Hayleys Fentons Limited.
A Memorandum of Understanding (MoU) signed by the two organisations commits the Commercial Bank to offer concessionary terms under the Bank’s ‘Diribala Green Development Loan’ scheme for businesses to purchase solar power systems from Hayleys Solar with a number of benefits.
Commercial Bank and Hayleys Solar will offer loans during the promotional period with a lower interest rate than the published rate for Diribala Green Development Loans.
The loans are provided for rooftop solar power panel installations at business premises, for commercial-scale rooftop solar power projects, and for installation of solar panels at residences in the case of SMEs.
