NCBA in partnership with renewable energy leader Ofgen Africa has today handed over of a newly installed roof-mounted, grid-tied 181kWp (DC)/130kWp (AC) Solar PV system to Haco Industries.
This partnership aims to provide clients like Haco Industries with a one-stop shop solution for sustainability, combining Ofgen Africa’s cutting-edge solar technology with NCBA’s accessible and flexible financing solutions. Together, the partnership enables companies to achieve their sustainability goals without compromising cash flow or working capital.
“We are thrilled to support Haco Industries in this transformative shift toward clean energy,” said Robert Marete, NCBA Deputy Director Leasing LLP. “This project is an example of how sustainable financing and innovative partnerships can help businesses adopt green technologies and secure long-term financial and environmental gains.”
NCBA and Strathmore SBS graduate 38 SME entrepreneurs
Through this collaboration, Haco Industries is projected to achieve a 41 per cent reduction in electricity bills, generating significant cost savings that can be reinvested into business growth, innovation, and operations. Specifically, 41 per cent of the company’s energy needs will now be met by renewable solar power, reducing reliance on the national grid and cutting carbon emissions.
“We are happy to partner with NCBA and Ofgen Africa on this sustainability journey. This solar installation is a significant milestone for us and it is a step forward for us to reduce our operational costs. We believe this investment strengthens our business and reinforces our promise to the communities we serve.” Said Maryann Musangi – MD, Haco Industries
The installation timeline for projects of this size typically ranges from one week to six months, depending on the complexity and scale. With this project now complete, Haco Industries is positioned as a trailblazer in Kenya’s manufacturing sector, leading the way in responsible, forward-looking business practices.
Aligned with NCBA’s broader sustainability strategy, Change the Story, which was launched in 2023, this collaboration reinforces the bank’s commitment to mobilise at least KES 30 billion in sustainable finance by 2030. As Africa’s largest financial institution by customer base, NCBA is dedicated to helping its over 60 million customers transition to low-carbon pathways and meet their net zero goals.
In the future, NCBA and Ofgen Africa plan to expand similar renewable energy projects across other industries, particularly targeting small and medium-sized enterprises (SMEs) that often face funding gaps but are eager to adopt green energy solutions.
