In a major advancement for promoting solar energy across the island, Sampath Bank PLC and Hayleys Solar, the renewable energy division of Hayleys Fentons, have recently entered into a Memorandum of Understanding (MOU). This partnership will facilitate a convenient and cost-effective lending scheme for investments in Rooftop Solar PV installations aimed at residential, commercial, and industrial sectors. The initiative is designed to motivate Sri Lankans to adopt solar power, leading to considerable long-term savings on electricity bills while also fostering a more sustainable environment.
Commenting on the collaboration, Ayodhya Iddawela Perera, Managing Director of Sampath Bank PLC, expressed enthusiasm about the partnership’s potential to drive the widespread adoption of solar power installations in Sri Lanka. She emphasized the bank’s commitment to supporting sustainable initiatives that align with the nation’s renewable energy goals.
Hasith Prematillake, Managing Director of Hayleys Fentons, highlighted the importance of forging strategic alliances to accelerate the transition towards clean energy solutions. He emphasized Hayley Solar’s dedication to delivering high-quality solar products and services while leveraging Sampath Bank’s financial expertise to make solar power accessible to all. Key representatives from both Sampath Bank PLC and Hayleys Solar attended the MOU signing ceremony, symbolizing their shared commitment to fostering a greener and more sustainable future for Sri Lanka.
This initiative is part of Hayleys Solar’s program, ‘Nayak Nowena Nayak,’ which enables customers to make low monthly bank payments that are less than their existing electricity bills. Consequently, the savings accrued after covering the bank installment can be redirected towards securing a better future for their families, all while benefiting from free electricity for 20 years.