SBM Bank, in a strategic move towards bolstering environmental sustainability, has joined forces with Safer Power Limited in a transformative project aimed at connecting Stoni Athi Resort to off-grid solar power.

The collaboration is a testament to SBM Bank's unwavering commitment to providing sustainable financing for projects that facilitate access to clean, reliable, and affordable energy.

In a statement, SBM Bank Director Corporate Assets, Eric Wambua, highlighted the bank's dedication to fostering eco-friendly practices and supporting businesses in their transition to renewable energy.

"Our focus through this collaboration is to empower businesses within the hospitality industry and the commercial and industrial sector to embrace sustainable, cost-effective, and reliable solar energy solutions," Wambua stated.

Wambua emphasized the significance of leveraging Safer Power Limited's technological expertise, expressing confidence in playing a pivotal role in reducing carbon footprints and steering the course towards a more sustainable energy landscape.

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(R to L) - Eng. Dalmus Mbai (CEO, Safer Power Limited) engages Eric Wambua (SBM Bank Corporate Assets Director) and James Mulinge (Chairman, Stoni Athi Resort) during the launch of the 192kWh Solar Power plant at Stoni Athi Resort. PHOTO/COURTESY

The partnership aligns with Kenya's ambitious goal of achieving a 100 per cent transition to renewable energy by 2030.

It also contributes to the United Nations' Sustainable Development Goals on affordable and clean energy, as well as climate mitigation through increased access to affordable and reliable energy.

Wambua spoke optimistically about the impact of the collaboration, stating, "Through this partnership and the commissioning of this 123.3wp/192KWh solar power plant, I believe we are playing a big role in strengthening the social-economic status of the hospitality, commercial and industrial sector not only here in Stoni Athi but also within the country."

SBM Bank, he reiterated, remains steadfast in its commitment to supporting diverse groups, including Small and Medium-sized Enterprises (SMEs) and large corporations, by providing sustainable finances through tailor-made products for sectors such as Agriculture, Education, Health, and Manufacturing.

Eng. Dalmus Mbai, CEO of Safer Power Limited, expressed enthusiasm about contributing to the project and being at the forefront of companies providing renewable, low-cost, and safe energy to key sectors crucial for the country's social and economic growth.

"This initiative significantly enhances our national capacity and will play a crucial role in leaving an indelible mark on mitigating climate change, building resilience to volatile prices, and lowering energy costs," said Eng. Dalmus.