FNB to launch solar power at 100 branches

FNB plans to install solar power systems at 100 branches across South Africa in the next few months.

It says the move is part of its commitment to environmental sustainability and its aim to improve uninterrupted access to services during times of load shedding.

According to the financial services provider, the project will start in branches in Mthatha in the Eastern Cape, Bethlehem and Phuthaditjhaba in the Free State and Zeerust in the North West.

“Approximately 97% of our branches are already equipped with backup power solutions, including Uninterrupted Power Supplies (UPS) and Lithium batteries, to ensure access to services during intermittent load shedding.

“However, in keeping with our commitment to have a positive impact on the environment and be more resilient in our operations, it’s necessary to transition to renewable energy sources,” said FNB CEO Jacques Celliers.

The bank also aims to expand its footprint in various communities to assist with financial needs amid power cuts.

“Our branches are critical in facilitating economic activities in local markets. While millions of our customers use channels such as our FNB app, online, and cellphone banking to access most services, many continue to visit our branches to perform a range of activities and consult our advisors on financial requirements. Therefore, it is essential for us to remain accessible to local communities,” said CEO of FNB Points of Presence, Lee-Anne van Zyl.

According to the bank, the solar installation project will begin in the coming months “with a phased approach to ensure a smooth and efficient transition for each branch involved”. –bbc.com