Kuwait Finance House – Bahrain partners with Solar One for solar panel consumer financing – EQ Mag Pro
KFH : Bahrain will offer free insurance and a flexible tenor period up to 7 years, while Solar One will offer the solar panels at a discounted price though subsidised financing from the Bank
Kuwait Finance House – Bahrain signed a memorandum of understanding with Solar One to provide personal financing for customers interested in installing solar panels in their homes.
KFH – Bahrain will offer free insurance and a flexible tenor period up to 7 years, while Solar One will offer the solar panels at a discounted price though subsidised financing from the Bank.
“We hope to see a local increase in the usage of renewable resources which will help further strengthen the Kingdom’s international standing,” said Hamed Mashal, Head of Retail Banking at KFH – Bahrain.
“Therefore, our partnership with Solar One has sought to widen our scope to reach customers across various sectors and support them in contributing towards environmental conservation with the use of solar energy as well as facilitate their access to financing.”
On his end, Mr. Faisal Khalifa, Managing Director of Solar One, said: “We are pleased to be partnering with KFH – Bahrain to facilitate customers’ purchase of solar panels through the Bank’s personal financing solution. Through
Faisal Khalifa, Managing Director of Solar One, said that the partnership aims to provide a growing segment of the public with access to renewable sources of energy that contribute effectively toward environmental preservation and sustainability.
“We are pleased to cover the financing profits for customers wishing to purchase solar panels from Solar One through the Bank’s financing solutions. We look forward to further developing our partnership and introduce other initiatives in the future.”
Solar One is a Bahraini company specialising in manufacturing its products to the highest global quality standards as it seeks to provide an ideal solution for individuals to combat the rising energy prices, and as such, climate change.
Source: utilities
