Driven by its commitment to providing sustainable financial solutions for its customers, Commercial Bank of Ceylon has signed a Memorandum of Understanding (MoU) with SolarRay Energy (Pvt) Ltd. to promote the Bank’s Green Loans and Green Leases, enabling employed and self-employed customers to access affordable financing for solar energy solutions.

The partnership was formalised at a signing ceremony attended by Mr Chamil Suranga Silva and senior officials of SolarRay Energy (Pvt) Ltd., and Mr W. D. Jayasuriya – Chief Manager of the Retail Products Department of Commercial Bank, along with senior officials of the Bank.

Under this partnership, customers of SolarRay Energy will be able to finance the purchase and installation of solar panels through Commercial Bank’s Green Loans and Green Leases, offered at preferential interest rates with repayment periods of up to five years. The preferential rates and benefits under this promotion will be available until 3rd August 2027.

The initiative is part of Commercial Bank’s ongoing efforts to promote environmentally responsible practices, expand its portfolio of green financing products, and encourage more customers to adopt sustainable energy solutions.

SolarRay Energy will support customers with a comprehensive suite of services including engineering solutions at the interface between power assets and utility networks, feasibility studies, and Engineering, Procurement, and Construction Management (EPCM) advisory services, as well as operation and maintenance services to ensure optimal system performance.

Customers will also benefit from strong warranty assurances, including a 12-year limited product warranty and a 25-year limited power output warranty on TRINA Solar crystalline photovoltaic modules, along with a 10-year limited product warranty on SOLIS three-phase on-grid inverters.

Founded in 2016 by Managing Director Mr Chamil Silva and Executive Director Mrs Waruni Ranawaka, SolarRay Energy has evolved from a traditional solar installer into an established renewable energy, electrical engineering, and project management company serving Sri Lanka’s residential, commercial, industrial, and utility sectors. The company delivers end-to-end capabilities spanning site assessments, grid interface engineering, and EPCM advisory services, while actively expanding its portfolio to include next-generation Battery Energy Storage Systems (BESS) and intelligent energy-management solutions.

Grounded in a technical approach that prioritises engineering quality, safety, grid compliance, and long-term lifecycle performance over initial equipment costs, SolarRay Energy focuses on delivering robust, system-wide energy solutions tailored to both individual households and complex commercial operations.

Through partnerships such as this, Commercial Bank continues to make sustainable energy solutions more accessible and affordable, reinforcing its commitment to driving the adoption of green technologies among Sri Lankan households and businesses.

Commercial Bank was the first Sri Lankan bank to achieve a market capitalisation exceeding US$ 1 billion. The Bank emerged as the No. 1 ranked Sri Lankan bank in the 2026 edition of the prestigious Top 1000 World Banks ranking published by The Banker magazine, UK. The Bank has the highest capital base among all Sri Lankan banks, and is the largest private sector lender in Sri Lanka. Ranked No. 1 in the Business Today Top 40, Commercial Bank is recognised as the most respected and most-awarded bank in Sri Lanka, is a leader in digital innovation and is the country’s first 100% carbon-neutral bank.

Commercial Bank operates more than 270 strategically-located branches and an extensive network of automated machines island-wide, and has the widest international footprint among Sri Lankan banks, with 21 branches in Bangladesh, a majority stake in a fully-fledged Tier I Bank in the Maldives, a microfinance company in Myanmar, and a representative office in the Dubai International Financial Centre (DIFC). The Bank’s fully-owned subsidiaries, CBC Finance PLC and Commercial Insurance Brokers (Pvt) Limited, also deliver a range of financial services via their own branch networks.

 Photo caption: Mr W. D. Jayasuriya, Chief Manager of the Retail Products Department of Commercial Bank and Mr. Elabada Liyanage Chamil Suranga Silva, Managing Director of SolarRay Energy exchange the agreement in the presence of representatives of the two companies.