SolarTherm, the most trusted solar brand in Sri Lanka recently entered into a Memorandum of Understanding (MoU) with Alliance Finance Company (AFC) to jointly promote the ‘AFC Solar Loan’ among SolarTherm customers. With the AFC Solar Loans, SolarTherm customers can purchase on-grid solar PV systems / equipment that are designed, installed, commissioned and implemented by SolarTherm.
The MoU was formalized by Mr. Nishantha Jayasuriya, Director at SolarTherm, and Mr. Kusal Jayawardhana, Deputy Managing Director at AFC, in the presence of other representatives and senior leadership from both parties.
“We are proud to sign this Memorandum with Alliance Finance Company, who for more than six decades has served Sri Lankans by providing financial assistance to meet their evolving needs,” Mr. Jayasuriya commented at the formalizing ceremony. “As Sri Lankans actively transition toward solar energy backed by the government’s goal of generating 70% of the country’s energy from renewable sources by 2030, we at SolarTherm understand our responsibility as an industry leader to enable them to make seamless energy transition. By partnering with Alliance Finance to provide the AFC Solar Loan Facility, we are making renewable energy accessible to our customers, so that they can make long-term, sustainable investments for their future.”
Mr. Mahinda Gunasekara – Lead Facilitator – Climate Finance (Alliance Finance), Ms. Hasandi Nawarathne – Executive – Climate Finance (Alliance Finance), Namindu Paranavithana – Assistant Manager, Business Development (SolarTherm), Mr. Kusal Jayawardhana – Deputy Managing Director (Alliance Finance), Mr. Nishantha Jayasuriya – Director (SolarTherm), Ms. Julia Seelagama, Sales Manager (SolarTherm)
As part of the formalized agreement, AFC will provide financial assistance to SolarTherm customers referred by the company to purchase on-grid solar PV systems / equipment, provided applicants are eligible to obtain the loan facility as per the internal guidelines/approvals of AFC. SolarTherm remains responsible for the detailed design of the solar PV system that is to be submitted to the Ceylon Electricity Board (CEB) / Lanka Electricity Company (LECO), and the delivery and installation of materials at the client location. SolarTherm is also responsible for testing and commissioning of the solar PV system in accordance with manufacturer specifications and local regulatory requirements.
As the market leader and pioneer in Sri Lanka’s growing solar industry, SolarTherm also services the largest customer base of over 100,000 customers. The company is renowned for pioneering solar water heating systems in Sri Lanka, with two factories operating in Ekala industrial Estate and Kandana. SolarTherm continues to strengthen its reputation as a key enabler of Sri Lanka’s steady transition from fossil fuels to renewable energy, and boasts a growing portfolio comprising large installations of solar hot water systems and solar electricity systems.
SolarTherm is an authorized dealer for products from Solahart Australia, a global leader in the solar water heating industry. The company is also the exclusive dealer for Trina Solar electricity modules from China, renowned over the world as the quality leader in the module manufacturing industry for over 25 years. Furthermore, SolarTherm is the sales and service partner for Fronius inverters made in Austria, considered to be the leading inverter technology for over 20 years.