ComBank partners with GAIA Greenenergy for Green Loans and Leases
View(s):The Commercial Bank of Ceylon has entered into a partnership with GAIA Greenenergy Holdings to expand access to the bank’s Green Loans and Green Leases, offering employed and self-employed customers more affordable pathways to adopt solar power.
The partnership was formalised with the signing of a Memorandum of Understanding by Dushmantha Jayasuriya, Chief Manager – Retail Products Department of Commercial Bank, and Lalinda Kalubowila, Chief Executive Officer of GAIA Greenenergy Holdings.
Under this collaboration, Commercial Bank is extending preferential interest rates starting from 10 per cent per year, with repayment periods of up to seven years, to drive wider uptake of solar installations. Customers can use the bank’s Green Loans and Green Leases to finance the purchase and installation of solar panels, and will benefit from some of the most competitive green-financing rates now available in the market. The promotion runs until December 2, 2026, the bank said in a media release.
GAIA will complement this offering with a comprehensive suite of services that strengthens customer value. These include the development, design, construction, operation and maintenance of Solar PV systems, with options ranging from standard solar systems to hybrid models from 3 kW upwards.
Customers will also receive one year of free service and one year of insurance. Solar systems installed by GAIA are monitored in real time through a central control division at its headquarters enabling the company’s design and engineering teams to advise clients promptly on any performance deviations.
GAIA Greenenergy is an industry-leading renewable energy provider backed by top global ESG investors. The company is spearheading Sri Lanka’s largest rooftop solar initiative, a 350 MW programme implemented through an innovative public-private partnership spanning seven provinces.
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