While I don’t have specific information on every bank’s initiatives, I can tell you that solar power adoption has been increasing across various sectors, including banks. Many organizations, including financial institutions, have recognized the benefits of using renewable energy sources like solar power to reduce their carbon footprint and save on energy costs.
Implementing solar power systems through a rental or leasing scheme can be an attractive option for businesses that want to access solar energy benefits without making a significant upfront investment. Such arrangements typically involve third-party providers who install, own, and maintain the solar infrastructure, while the bank pays a rental fee or enters into a power purchase agreement (PPA) to access the clean energy generated.
These rental-based solar arrangements allow banks to benefit from renewable energy without the responsibility of system ownership and maintenance.
