StarTimes has entered into a deal to facilitate distribution of solar panels to Maisha Bora Sacco members as part of commitment to promote green energy solutions.
Under the deal, Maisha Bora Sacco members will be offered low-interest financing options to acquire solar systems, helping them transition to sustainable energy sources.
StarTimes, CEO, Carter Luo says as part of the deal, Maisha Bora Sacco members will acquire StarTimessolar systems at subsidized prices. Luo says the initiative aims at promoting green energy in Kenya as part of efforts of conserving the environment.
“This partnership reflects our dedication to making green energy accessible to all Kenyans. By empowering Sacco members with affordable solar solutions, we can contribute to a cleaner and more sustainable future,” said Luo.
On his part, Maisha Bora Sacco, CEO, Gregory Siro, says by providing affordable credit options for solar products, they will enable their members to transition to green energy solutions.
Siro says the new partnership will highly contribute about improving livelihoods and creating a sustainable future adding that they have negotiated affordable and flexible prices for the members.
“We recognize the growing demand for solar energy, and through this partnership, we will provide our members with the financial support they need to adopt these innovative solutions,” says Siro.
StarTimes, Director of Energy Solar System, Sam Deng, highlighted the importance of this initiative noting that it will highly contribute to access to affordable and clean energy noting that StarTimes will continue empowering Kenyan to invest in their future while contributing to environmental conservation.
“Our goal is to create a sustainable energy landscape in Kenya, by collaborating with Maisha Bora Sacco; we can enhance the adoption of solar technology among everyday Kenyans,” says Deng.
StarTimes, Partnership Business Manager, Grace Njenga, said the signed partnership will not only increase solar adoption but also create a ripple effect, encouraging more organizations to invest in green technologies.
Grace says by working together with Maisha Bora Sacco, they can help more people transition to cleaner and reliable energy sources that are not only beneficial for the environment but also economically viable.
“The collaboration represents a concerted effort to support Kenya’s transition to renewable energy while addressing the growing demand for sustainable power solutions,” she said. This initiative coincides with a notable surge in Kenya’s solar power generation capacity, which reached a new record last year following the commissioning of the 40-megawatt (MW) Alten Kenya Solarfarms plant in Kesses, Uasin Gishu.
According to data from the Kenya National Bureau of Statistics (KNBS), sourced from Kenya Power, solar power generation soared to an impressive 491.48 million kilowatt-hours (kWh) in 2023. This represents a substantial increase of 28.1% compared to the previous year’s output of 383.54 million kilowatt-hours.