NCBA Bank has reinforced its position in green financing by backing the latest solar energy project at HACO Industries, aimed at reducing the factory’s reliance on non-renewable electricity.
The bank financed the installation of 311 solar panels for HACO’s Home and Personal Care (HPC) production line, a system that will offset up to 60 per cent of the facility’s energy consumption.
The solar system, now operational, produces 180 kilowatt-hours of electricity and forms part of HACO’s broader push for sustainable production under its Chasing Zero Initiative—an internal agenda focused on achieving zero waste and net-zero emissions.
Robert Marete, Deputy Director at NCBA Leasing LLP, said the bank was proud to be part of the project and underlined the importance of strategic collaboration in advancing the sustainable industry.
"We are thrilled to support HACO Industries in this transformative shift toward clean energy," Marete stated.
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"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.”
The commissioning ceremony brought together HACO’s leadership, engineers, and sustainability stakeholders to mark the successful installation, which was delivered by Ofgen.
The project was completed on schedule, met quality standards, and recorded zero safety incidents, reflecting both partners' focus on responsible execution.
This is not HACO’s first solar investment. Four years ago, the company rolled out a 240kWh solar system at its plastics facility.
The new HPC installation builds on that foundation, accelerating its plan to eliminate Scope 2 emissions—those generated through purchased electricity.
NCBA’s involvement highlights the increasingly central role financial institutions are playing in unlocking climate finance and supporting clean industrial transitions across East Africa.
The bank has continued to extend green credit to manufacturers looking to adopt renewable technologies, in line with Kenya’s Vision 2030 and international climate goals.
The solar initiative also complements other environmental efforts within HACO, including waste-to-energy collaborations, post-consumer plastic recovery schemes, and sustainable procurement practices—all of which feed into the company’s commitment to more circular, low-impact production.
At the commissioning event, HACO Managing Director Mary-Ann Musangi noted the deeper meaning behind the project.
"At HACO, sustainability is not just a goal—it is embedded in our purpose," Musangi emphasised.
"The commissioning of this solar installation is more than an energy milestone; it is a symbol of our unwavering commitment to building a climate-resilient future through clean, affordable, and efficient energy solutions.”
By enabling such transitions through targeted funding, NCBA continues to demonstrate how green finance can deliver both environmental progress and commercial sustainability for businesses across the region.
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