NAIROBI: The NCBA Group has introduced a solar photovoltaic (PV) campaign aimed at addressing global energy demands and promoting sustainable development by enhancing environmental sustainability and reducing carbon emissions through solar energy use. According to Kenya News Agency, Lenox Mugambi, NCBA Group Director of Asset Finance and Business Solutions, emphasized the growing global need for energy solutions that align with sustainable development goals, highlighting solar photovoltaic energy as a promising solution. In Kenya, solar power installation capacity currently stands at approximately 110 megawatts, equating to nearly 1.8 million homes utilizing small solar home systems. Mugambi noted that these figures reflect the market's recognition of solar energy's dual benefits: cost savings and environmental impact reduction. As part of NCBA's broader environmental sustainability initiatives, Mugambi announced a new solar PV leasing solution. This innovation aims to empower individuals and businesses to manage energy costs while minimizing environmental impact. Mugambi stated that solar power offers sustainable solutions and enhances financial planning. The solar PV leasing options, Mugambi explained, would enable organizations to reduce electricity expenses by transitioning to a more cost-effective energy source. Solar power, known for its cleanliness and reliability, would help organizations achieve their sustainability goals by lowering their carbon footprint. The solution also offers flexibility, allowing for extensions and upgrades to meet evolving energy needs. Organizations participating in the solar PV leasing program will benefit from asset management services, including insurance, upkeep, and maintenance, addressing concerns about operational costs. Mugambi encouraged businesses to consider the positive impacts of solar PV leasing, which include reduced expenses, minimized environmental impact, and greater financial independence. Robert Marete, NCBA Leasing LLP Deputy Director, noted that custom ers seek safer, cheaper, and more convenient power solutions rather than just equipment installations. Sammy Waite, Head of Design and Engineering at Chloride Exide, described the photovoltaic module's ability to convert sunlight into electricity, suitable for powering factories, homes, and offices. With net-metering, energy can be sent to the grid and used at night. Waite also highlighted the remote monitoring feature of PV systems, which provides real-time data accessible via desktop or mobile devices, including system email alerts. This feature allows users to track carbon savings easily. The solar PV leasing model requires no initial capital, allowing power bill savings to be redirected into rental payments. Lease repayment terms extend up to 10 years, offering flexibility and ensuring rental payments remain lower than monthly KPLC power bills.