Despite the large deployments of capital into the clean energy sector in Kenya, to date only a few local commercial banks in Kenya are involved in financing domestic solar PV companies. This workshop brings together representatives from local commercial banks, Kenyan solar PV companies as well as sector experts to advance the discussion of issues that hinder local companies in obtaining loans from commercial banks and to co-create new ideas on how domestic financing can be expanded and cater to the needs of local companies.
Objectives of workshop
The objectives of the workshop were to:
- Share banks’ experience including existing portfolios and concrete examples of lending to domestic solar PV companies as well as future strategy.
- Share domestic companies’ experience in accessing loans from Kenyan commercial banks.
- Facilitate a common discussion and find a middle ground between commercial banks and solar PV companies based on critical issues faced in terms of lending and accessing loans.
- Ideate on potential solutions and alternatives to existing practices to lower the barriers for domestic solar companies in obtaining loans as well as for banks in disbursing loans to domestic firms.
|11:00-11:15||Brief Round of Introductions||All attendees|
|11:15-11:20||Purpose and Context Setting||UNEP-DTU Partnership|
|11:20-11:45||Bank Portfolio and Experiences||Kenya Commercial Bank|
|11:45-12:30||Discussion Session||Open discussion by all participants and|