Sri Lanka green loans are gaining momentum as Commercial Bank partners with GAIA Greenenergy Holdings to widen access to solar financing. The initiative introduces concessional lending and leasing options aimed at accelerating household and business adoption of renewable energy solutions.
Sri Lanka green loans expand access to affordable solar financing
Sri Lanka’s transition toward cleaner energy received a significant lift with Commercial Bank of Ceylon and GAIA Greenenergy Holdings announcing a partnership to offer green loans and green leases for solar installations. The collaboration is designed to make solar energy systems more affordable for households and businesses by combining preferential financing with end-to-end technical solutions.
Under the scheme, Commercial Bank will provide green loans and leases at interest rates starting from 10.00 percent per annum, with repayment periods extending up to seven years. The bank said the facility is intended to remove cost barriers that often prevent customers from investing in renewable energy, while supporting national objectives to reduce dependence on conventional energy sources.
Customers will be able to use these green financing products to fund both the purchase and installation of solar panels. According to the bank, the pricing structure represents some of the most competitive green-financing terms currently available in the domestic market, reflecting growing competition among financial institutions to support environmentally sustainable investments.
GAIA Greenenergy Holdings will complement the financing component by delivering a comprehensive range of solar services. These include system development, design, construction, operation, and long-term maintenance. Customers can select from standard or hybrid solar system configurations, with capacities starting from 3 kilowatts, allowing solutions to be tailored to residential, commercial, or small industrial requirements.
A key feature of GAIA’s offering is its emphasis on system performance and reliability. Solar installations delivered under the partnership will be monitored in real time through a central control division based at the company’s headquarters. This monitoring framework enables GAIA’s engineering and design teams to identify performance deviations early and advise clients promptly, reducing downtime and improving long-term system efficiency.
To further enhance customer confidence, the scheme includes a year of free servicing and insurance. GAIA also provides extended warranty coverage, including 12-year warranties on solar panels, 10-year warranties on inverters, and a 30-year performance guarantee on panels. These assurances are intended to address common consumer concerns around maintenance costs and long-term system durability.
The partnership reflects a broader shift within Sri Lanka’s banking sector toward sustainable finance. Green loans and leases have emerged as a strategic growth area as financial institutions align lending portfolios with environmental goals while responding to rising customer demand for clean energy solutions. By linking financing directly with a certified service provider, Commercial Bank aims to simplify the customer journey from loan approval to system installation.
For households, the scheme offers an opportunity to manage rising electricity costs through predictable monthly repayments while benefiting from long-term savings generated by solar systems. For small and medium-sized enterprises, access to green leases can help reduce operating expenses and improve energy resilience without large upfront capital expenditure.
From a policy perspective, initiatives such as this support Sri Lanka’s broader renewable energy ambitions. The country has faced persistent pressure from volatile global energy prices and currency movements, making domestically generated renewable energy an increasingly attractive option. Expanding access to affordable financing is widely viewed as a critical enabler of faster solar adoption.
The collaboration also underscores the role of private-sector partnerships in advancing sustainability objectives. By combining financial innovation with technical expertise, the Commercial Bank–GAIA model illustrates how banks and energy service providers can jointly lower adoption risks and accelerate market uptake.
The green loan and lease scheme will be available until December 2, giving customers a defined window to take advantage of the preferential terms. Industry observers note that time-bound offers often help translate interest into action, particularly among first-time solar buyers weighing the economics of installation.
As Sri Lanka continues to balance energy security, affordability, and environmental considerations, such financing initiatives are likely to play an increasingly important role. The Commercial Bank and GAIA partnership signals growing confidence that green finance can deliver both commercial returns and measurable environmental benefits, while offering customers a practical pathway into renewable energy adoption.