ComBank & GAIA Partner to Boost Solar Adoption 📈

Commercial Bank of Ceylon has signed a strategic MoU with GAIA Greenenergy Holdings to offer concessionary financing for solar power installations, targeting both employed and self-employed individuals. • Financing Terms • Interest Rates: Starting from 10% per annum (among the market's most competitive). • Repayment Period: Flexible tenures up to 7 years. • Validity: Promotion active until 2 December 2026. • Service Highlights • Financing covers Solar PV systems (standard and hybrid) from 3 kW upwards. • Includes 1 year of free maintenance and 1 year of insurance. • Real-time performance monitoring via GAIA’s central control division. • Warranties: 12 years for panels, 10 years for inverters, and a 30-year performance guarantee. • National Economic Impact • Supports Sri Lanka’s energy transition by reducing reliance on costly fossil fuel imports. • GAIA is currently spearheading a 350 MW rooftop solar initiative across seven provinces—the largest in the country. • Aligns with national goals to lower energy costs and improve grid resilience through renewable energy diversification.