One of the leading financial services providers, FNB (First National Bank), plans to set up solar power systems in 100 of its branches nationwide to avoid disruptions during load shedding.
The initial batch of 100 branches chosen to get solar power will be set up in spots like Mthatha in the Eastern Cape, Phuthaditjhaba in the Free State, and Zeerust in the North-West province, with a phased approach.
FNB’s CEO, Jacques Celliers, shares that with backup power in most of their branches (97%) for when the lights go out, they’re now embracing solar energy to boost their operations.
“While 97% of our branches are already equipped with backup power solutions to ensure access to services during intermittent loadshedding, the initiative is necessary to transition to renewable energy sources in keeping with our commitment to have a positive impact on the environment and be more resilient in our operations.”
Explaining the important role of their branches in local economies, FNB Points of Presence CEO Lee-Anne van Zyl says:
“Our branches are really important for local business. Even though lots of customers use things like our FNB App and Online Banking, many still come to our branches to do different things and talk to our advisors about money stuff.”
The solar installation initiative is set to begin in the coming months.
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