DFCC Bank has announced a new strategic partnership with Hayleys Solar, Sri Lanka’s leading solar power solutions provider and the renewable energy arm of Hayleys Fentons Limited. Investing in renewable energy, such as solar power, helps to reduce electricity costs while contributing to the national transition towards greener energy. Therefore, this collaboration is a timely move towards addressing the growing demand for sustainable energy solutions across the island. Accordingly, the bank is working with Hayleys Solar to provide DFCC Solar Loans, increasing accessibility for individuals and businesses looking to invest in solar power generation technology.
The Solar Loans packages offered by DFCC Bank for Hayleys Solar customers feature an attractive interest rate of 11.50%, fixed for five years, providing customers with a stable and affordable financial solution. Further enhancing the proposition is the option of a loan tenure extension for up to 10 years, allowing customers to make their solar installations more affordable while benefitting from Hayleys Solar’s exceptional technical expertise. With over a century of engineering and technical expertise and a reputation for excellence, Hayleys Solar delivers tailor-made, highly efficient solar power solutions to meet the growing energy needs of Sri Lankans.
Discussing the significance of the collaboration, Aasiri Iddamalgoda – Senior Vice President | Retail & SME at DFCC Bank, explained, “This partnership with Hayleys Fentons aligns with our mission to support the adoption of renewable energy through innovative financial solutions. With DFCC Solar Loans, we offer competitive financing that can empower individuals and businesses to embrace sustainable energy, reduce their reliance on traditional power sources, and ensure a stable and reliable energy source in the future. Strategic partnerships like this one are essential in paving the way for a more sustainable and energy-efficient future for Sri Lanka.”
Hasith Prematillake, Managing Director of Hayleys Fentons Limited, highlighted the significance of this partnership with DFCC Bank, emphasizing its role in supporting individuals and businesses transitioning to solar power. As part of the broader initiative, ‘ණයක් නොවන ණයක්’ (‘Nayak Nowena Nayak’), which provides customers with the opportunity to switch to solar energy through affordable, low monthly bank instalments that are lower than their current electricity bills. These savings reduce immediate energy costs and allow families to reinvest in their future, all while enjoying free electricity for the next 20 years, added Roshane Perera, Director/CEO of Hayleys Solar.
As energy costs continue to rise and Sri Lanka faces increasing demands on its electricity infrastructure, DFCC Solar Loans presents a forward-thinking, eco-friendly solution. Hayleys Solar’s unmatched expertise in solar power generation technology, coupled with DFCC Bank’s flexible and affordable financing options, thus provide a seamless and comprehensive approach to meeting Sri Lankans’ energy needs in a greener, more sustainable way.
To learn more about DFCC Solar Loans, please call 0112350000.
About DFCC Bank
DFCC Bank is a full-service commercial bank with a rich history of 68 years and offers a diverse range of commercial and development banking services. As part of its Sustainability Strategy 2020-2030, the Bank aims to become a leading institution contributing to greater resilience by creating resilient businesses and supporting green financing and sustainable, socially responsible entrepreneurship. The Bank has received numerous accolades, including being named the ‘Most Trusted Retail Banking Brand’ and the ‘Best Customer Service Banking Brand’ in Sri Lanka in 2021 by Global Brands Magazine UK and ‘Market Leader and Best in Service in Cash Management 2022’ by Euromoney. Additionally, DFCC Bank is ranked among Business Today’s Top 40 Corporates in Sri Lanka, is rated A- (lka) by Fitch Ratings Lanka Limited and is regulated by the Central Bank of Sri Lanka. Attesting to its commitment to sustainability, DFCC Bank is also the first, and presently only, entity in Sri Lanka to have received accreditation from the Green Climate Fund (GCF), granting it access to concessionary funding worth USD 250 million to support climate mitigation and adaptation projects across the Island.
About Hayleys Solar
Hayleys Solar, the renewable energy arm of Hayleys Fentons Limited, predominantly focuses on Solar PV installations for the residential, commercial, and industrial market segments, as well as utility-scale projects, enabling greater utilisation of sustainable energy resources in the country. Hayleys Solar has completed over 250 MWp of solar installations island-wide, making it the undisputed leader in Engineering, Procurement, and Construction (EPC) in Sri Lanka.
