Startimes has signed a Memorandum of Understanding (MOU) with Maisha Bora Sacco to facilitate the distribution of solar panels to Sacco members as part of its commitment to promoting green energy solutions.
The signing ceremony took place at Startimes offices and was attended by key officials, including Startimes CEO Carter Luo, Director of Energy Solar System Sam Deng, Solar System Partnership Business Manager Grace Njenga, Maisha Bora CEO Gregory Siro, and Isabel Naibei, credit Supervisor at Maisha Bora Sacco among others.
This initiative aims to provide Maisha Bora Sacco members with low-interest financing options to acquire solar systems, helping them transition to sustainable energy sources.
Speaking during Signing Ceremony, Startimes CEO Carter Luo said that the Sacco members will acquire the Startimes solar systems at subsidized prices noting that the new venture is mostly aimed at promoting green energy in the Country as part of conserving environment.
“This partnership reflects our dedication to making green energy accessible to all Kenyans,” said Startimes CEO Carter Luo. “By empowering Sacco members with affordable solar solutions, we can contribute to a cleaner and more sustainable future.”
Gregory Siro, CEO of Maisha Bora Sacco, emphasized the benefits the partnership will bring to their members noting that by providing affordable credit options for solar products, they will enable their members to transition to green energy solutions.
He added that the new partnership will highly contribute about improving livelihoods and creating a sustainable future adding that they have negotiated affordable and flexible prices for the members.
“We recognize the growing demand for solar energy, and through this partnership, we will provide our members with the financial support they need to adopt these innovative solutions,” remarked Gregory Siro, CEO of Maisha Bora Sacco.
Sam Deng, Director of Energy Solar System at StarTimes, highlighted the importance of this initiative noting that it will highly contribute to access to affordable and clean energy noting that Startimes will continue empowering Kenyan to invest in their future while contributing to environmental conservation.
“Our goal is to create a sustainable energy landscape in Kenya, by collaborating with Maisha Bora Sacco; we can enhance the adoption of solar technology among everyday Kenyans.” Sam Deng stated.
Grace Njenga, StarTimes Partnership Business Manager said the signed partnership will not only increase solar adoption but also create a ripple effect, encouraging more organizations to invest in green technologies.
She noted that by working together with Maisha Bora Sacco, they can help more people transition to cleaner and reliable energy sources that are not only beneficial for the environment but also economically viable.
“The collaboration represents a concerted effort to support Kenya’s transition to renewable energy while addressing the growing demand for sustainable power solutions, “she said.
This initiative coincides with a notable surge in Kenya’s solar power generation capacity, which reached a new record last year following the commissioning of the 40-megawatt (MW) Alten Kenya Solarfarms plant in Kesses, Uasin Gishu.
According to data from the Kenya National Bureau of Statistics (KNBS), sourced from Kenya Power, solar power generation soared to an impressive 491.48 million kilowatt-hours (kWh) in 2023.
This represents a substantial increase of 28.1 percent compared to the previous year’s output of 383.54 million kilowatt-hours.