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Thailand’s bank launches schemes to promote use of renewable energy

Thailand’s Government Savings Bank has launched new schemes to promote the use of renewable energy.

Recently, the bank announced the launch of two new products named GSB Go Green and GSB for BCG Economy loans focused on renewable energy.

According to this financial institution, “the loans aim to support the installation and purchase of equipment for individuals and entrepreneurs to reduce pollution, including solar cells, solar rooftops, EV chargers, electric vehicles, and electrical appliances that save energy,” a local media reported.

According to the President of Government Savings Bank, Withai Rattanakorn, the bank’s latest initiative is “to promote the use of renewable energy to reduce greenhouse gas emissions, which is a major cause of global warming.”

Targeting clean energy, the bank will also offer a low interest rate to encourage the public and companies to switch to renewables.


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