Absa has partnered with its employees and Sun Exchange, the global solar leasing platform, to finance a solar-with-battery system for Bizweni Campus.
The solar plant is expected to decrease Bizweni’s municipal electricity bill by approximately 30%, while the integrated battery will protect the campus from load-shedding disruptions. Bizweni Campus is projected to prevent approximately one million kilograms of carbon dioxide emissions over the project’s 20-year lifespan. Furthermore, the cost savings resulting from reduced electricity expenses will enable Bizweni to grant an academic bursary to high-achieving Grade six students.
Johnson Idesoh, Group Chief Information and Technology Officer at Absa, emphasized the bank’s commitment to driving positive change and serving as an active force for good within the communities they serve. He stated, “Absa recognizes the pivotal role that it plays in shaping a sustainable future and the extent to which its business needs to reflect that in the operating choices it makes.