Case Studies

Financing Climate Friendly Solar Solutions for Energy Intensive Commercial Clients

 

In 2013, Standard Chartered Bank approved a three-year loan to Uhuru Flower Farms to purchase an in-house solar system and disconnect from costly and unreliable grid power. The solar installation generated significant cost savings for the company, by eliminating its monthly energy bills and reducing the incidence of perished flower stock. In the tight-knit flower farm industry, news of this led to two other flower farms approaching Standard Chartered for loans to install similar systems. This case study illustrates the growing suite of commercial opportunities which climate-friendly financing represents to Kenyan banks and their customers. It also underlines the opportunities for banks to increase revenues, market share and reputation by financing energy efficiency innovations that improve the resilience and profitability of their clients’ operations while supporting the greening of the Kenyan economy.