Haco Industries has installed a multi-million solar PV System in partnership with NCBA Leasing, and renewable energy leader Ofgen Africa.
The newly installed roof-mounted, grid-tied 181kWp (DC)/130kWp (AC) Solar PV system is expected to see Haco Industries achieve a 41 per cent reduction in electricity bills, generating significant cost savings that can be reinvested into business growth, innovation, and operations.
According to Maryann Musangi – MD, Haco Industries, “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.”
Haco Industries adds that 41 per cent of its energy needs will now be met by renewable solar power, reducing its reliance on the national grid and cutting carbon emissions.
Haco Industires investments in solar energy are aligned with NCBA’s broader sustainability strategy, Change the Story, which was launched in 2023. Change the Story aims to invest at least KES 30 billion in sustainable finance by 2030. NCBA aims to help its over 60 million customers transition to low-carbon pathways and meet their net zero goals.
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.
“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.”
