Lanka ORIX Leasing Company (LOLC) – the country’s largest non-banking total financial solutions provider – has once again cemented its ‘Pioneering’ spirit by opting to go green with its Grid Connect Solar System, thereby bringing in the new dimension of environmental sustainability to the local financial services industry.
This solar system installation was officially commissioned by the Minister of Power and Energy, Hon. (Mr.) Patali Champika Ranawaka, at a ceremony held at the LOLC Head Office in Rajagiriya, on the 2nd of September 2010.
The mega 48KW Grid Connect Solar System successfully contributes to 15% of the Company’s daily energy requirement, thereby significantly reducing the dependency on power from the national grid. The system which was designed, installed and commissioned by Access Solar Pvt. Ltd., is the largest installation of its kind in a financial institution in Sri Lanka. This system contains solar cells which are made up of eight arrays with eight inverters, which contain an individual capacity of 6KW. The setting up of this Grid Connect Solar System will be of great use as a source of energy to meet with the Company’s daily electricity requirements.
By switching to renewable energy, LOLC has demonstrated its commitment towards environmental conservation in the wake of the recent global climate change that has made a vast impact in both local and global spheres. It is hoped that this newest undertaking will encourage many other Corporates to follow suit in integrating sustainable development, as an important requirement, in their organizations’ institutional operations.