KBank Partners with Huawei to Launch Green Company Loans

Aiming to save the planet and deploy solar rooftops on 30,000 homes

KASIKORNBANK (KBank), in partnership with Huawei Technologies (Thailand) Co., Ltd., is embracing the growing “green” trend by launching its “Green Loan” to drive a greener society. The loan will support the green ecosystem from upstream operations to downstream operations, including entrepreneurs, homeowners and business owners. This project aims to install solar roofs on 30,000 homes to reduce electricity bills and reduce greenhouse gas emissions by 265,000 metric tons in one year.

Mr. Pipit Aneaknithi, President of Kasikornbank revealed, “Since KASIKORNBANK launched the “GO GREEN Together” project in February, we have received increasing interest from customers, especially prospects for electric cars and solar roofs. , reflecting changing consumer demands. This is also in line with Kasikorn Research Center’s forecast that by 2022, solar rooftop installations in the corporate sector will reach 125.9 MV, a 54% increase from the previous year. Demand from the household sector is expected to increase due to growing demand from new real estate projects from property developers, while more and more consumers are increasingly concerned about “Going Green” trends and higher electricity bills. high.

“The collaboration between KBank and Huawei, the leading digital energy provider with a network of highly specialized solar rooftop installers will provide both financial assistance and innovative products to support the green ecosystem from upstream to downstream. downstream, including solar rooftop contractors, homeowners and business owners. . By taking these collaborative actions to save the world, each household can save up to 36,000 Thai Baht per year on electricity bills after deploying 5kW rooftop solar installations in their home.

Mr. Abel Deng, CEO of Huawei Technologies (Thailand) Co., Ltd., further said, “This collaboration truly combines each partner’s expertise to drive the green economy in Thailand. Huawei holds a leading position in technology and innovation, especially in digital power solutions, while KBank is one of the leading providers of financial solutions. Together, we are able to provide a variety of financial solutions to support the development of the green economy while stimulating the rooftop solar market in Thailand and facilitating the installation of consumer solar PV systems on houses with special offers or credit solutions from KBank.

“We are partnering with KBank to set more ‘precedents’ in the Thai market for other leading property developers. Huawei will encourage installers in the country to cooperate with KBank and local malls on physical tours to educate people on residential PV from Huawei and KBank.

“GO GREEN Together” projects. Additionally, we will work with our partners to provide weekly offline and online training sessions to help electrical engineering teams improve their design, installation and maintenance expertise. KBank will also conduct training sessions for our partners to increase their understanding of financial services and subsequently help end users access investments. »

Nowadays, more and more Thai households are turning to solar rooftop solutions in order to save on their electricity bills. Market trends indicate that by 2022, more than 80,000 households will install solar rooftops to help reduce electricity costs, while the average payback period for solar rooftop solutions in Thailand is around 5 years. Consumers who choose to finance their solar system installation with KBANK, which offers up to 30 years of installments, will not only save their electricity costs significantly, but will also benefit from KBANK’s efficient and reliable inverter solutions. Huawei, which allow them to monitor their electricity consumption via a mobile. application. It’s another way for consumers to support the country’s low-carbon development mission.

Huawei continues to invest heavily in research and development to reduce the carbon footprint of E2E products and services by more than 80% compared to other products of the same capability. Huawei also aims to develop its products to achieve 2.7 times more energy efficiency. With combined digital and electronic technologies, Huawei develops innovative digital power solutions that enable the most efficient use of energy and reduce CO2 emissions from ICT infrastructure. In 2021, Huawei helped customers around the world reduce their CO2 emissions by 230 million metric tons.

Mr. Pipit added more details on this “green loan” collaboration to support Thailand’s green ecosystem as follows:

1. For rooftop solar entrepreneurs, KBANK will support them with a loan to increase the liquidity and capacity of their business so that they can continue their rooftop solar installation projects without interruption. The bank will also provide credit solutions to contractors who install solar systems for buildings and sell electricity to building owners over long periods.

2. For owners, KBANK will support them with a credit loan for the installation of a solar roof. Special promotions include interest-free payment for up to 3 months and a maximum payment term of 30 years. In the future, there will be credit card payment options for added convenience for customers.

3. For business owners, KBANK will financially support businesses to install rooftop solar systems with a special interest-free payment promotion for 3 months and a maximum installment term of 8 years.

Interested entrepreneurs, owners and business owners can apply for these offers at any KBank branch or request more details through the K Contact Center on tel. 02-888-8888.

The partnership between KBank and Huawei will drive the growth of the green ecosystem, encourage customers to protect the environment, promote increased use of solar energy, and help Thailand achieve net zero carbon emissions. Likewise, this collaboration aims to equip 30,000 houses with solar roofs within a year, which will reduce carbon emissions by more than 265,000 tons or plant 33 million trees.