CDB Advance Roof Solar Green Energy Financing for a Smarter and Sustainable Sri Lanka
Colombo, September 9, 2021 – Citizens Development Business Finance PLC (CDB) has launched “CDB Advance Roof Solar”, its newest product in the green financing segment, as a sustainable financing and investment solution. With the new product, CDB ramps up efforts to incentivize customers to switch to a more sustainable approach, with the goal of increasing the adoption of sustainable practices in life.
CDB Advance Roof Solar provides customers with an easy way to upgrade to a smarter, self-sustaining energy source with an additional income and no electricity bills. Customers will receive a comprehensive solution inclusive of the latest solar technology and aftercare, a convenient financing facility from CDB and access to a special portal to track earnings. In addition, CDB Advance Roof Solar, promotes a more intelligent and self-sufficient lifestyle. The goal is to provide a customized service right at your doorstep, with a simple installation process. CDB’s well-trained team members are also ready to walk customers through the process of obtaining a convenient financing option from CDB specially tailored for CDB Advance Roof Solar customers.
Commenting on the initiative, Damith Tennakoon, Chief Financial Officer, CDB said, “Our sustainability agenda encompasses both social and environmental dimensions. As we journey on the path of going from Rs. 100 Bn. asset base company to a company with a quarter of a trillion asset base, we are committed to leave behind the least carbon footprint and continue our carbon neutral status. We will contribute towards a greener economy while being a highly socially impactful organization ensuring financial inclusion.
The company’s efforts are aligned to help achieve the 7th UN Sustainable Development Goal of “Clean Energy.” CDB is also committed to the country’s sustainability energy goal of 70% renewable energy sources by 2030, and CDB Roof Solar will contribute to achieve this milestone. The scheme will allow individuals and businesses with installed rooftop solar systems to sell any excess electricity back to the grid. The project envisions 1000 Mw of solar power generation capacity by 2025 – all from the rooftops of homes and businesses.
CDB Advance Roof Solar is a part of the CDB Advance initiative to drive sustainable finance, focusing on empowering a smarter and sustainable Sri Lanka. It facilitates sustainable energy production and eco-friendly transport solutions. To learn more about the CDB Advance Roof Solar, log into www.cdb.lk.
Citizens Development Business Finance PLC (CDB) is a publicly quoted corporate leader positioned among the Ten Best Sustainable Companies, Top Thirty Businesses and Top Five Largest Non-Banking Financial Institutions in Sri Lanka with an islandwide presence, driven by a state-of-the-art technological platform that has revolutionized the way financial transactions are performed. To learn more, visit www.cdb.lk