Hayleys Solar and Sampath Bank join forces to offer affordable solar loans

Ayodhya Iddawela Perera and Hasith Prematillake

In a significant step towards encouraging solar power adoption island-wide, Sampath Bank PLC and Hayleys Solar, the renewable energy arm of Hayleys Fentons, recently signed a Memorandum of Understanding (MOU) to provide an easy and affordable lending scheme for Rooftop Solar PV installation investments targeting residential, commercial, and industrial clusters. This initiative aims to encourage Sri Lankans to embrace solar power, yielding significant savings on electricity bills over the long run and contributing to 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 emphasised 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 emphasised Hayleys 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, symbolising their shared commitment to fostering a greener and more sustainable future for Sri Lanka.

This initiative falls under Hayleys Solar’s initiative ‘Nayak Nowena Nayak’, allowing customers to pay a low monthly bank installment that is less than their current monthly electricity bill. As a result, the savings after paying the bank installment could be invested in their family’s future while enjoying free electricity for 20 years.