David Pieris Renewable Energy’s loan partner Sampath Bank
View(s):David Pieris Renewable Energy (Pvt) Ltd (DPRE), a member of the David Pieris Group, has entered into a partnership with Sampath Bank PLC to make solar energy more accessible and affordable across Sri Lanka.
The collaboration introduces a series of exclusive green loan facilities tailored for individuals and businesses eager to adopt solar power solutions and lower their energy costs. The combination of Sampath Bank’s island-wide reach and DPRE’s deep industry expertise promises to accelerate the transition to clean energy across the country, DPRE said in media release.
Solar energy is environmentally-friendly and empowers households and businesses to eliminate their electricity bills and earn additional income by selling surplus energy back to the national grid. With the right system, customers can run any electrical device without hesitation and enjoy a reliable alternative source of revenue. This timely collaboration effectively opens up opportunities for homeowners, entrepreneurs, corporates, factories and the general public who wish to invest in sustainable energy systems and need financing support to make that shift.
Sampath Bank is offering an attractive suite of green loan products under this agreement. Individuals can secure loans up to Rs. 5 million at a fixed interest rate of 10.5 per cent per annum, while amounts above Rs. 5 million are available at 11 per cent per annum. Customers taking home loans that include solar integration will receive an additional interest reduction of 0.25 per cent, providing even greater affordability. Small and medium manufacturing enterprises eligible for refinance can benefit from special loans between Rs. 10 million and panel capacities up to 50 kW at an exceptionally concessionary rate of just 6.5 per cent per annum.
DPRE will complement these green financing options with a comprehensive package of value-added services designed to enhance customer experience and system longevity. Customers will receive free CEB clearance, grid connection, and the first year’s insurance.
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