Alba Secures BBK’s Sustainability Financing for its Solar Farm Project

Alba Secures BBK’s Sustainability Financing for its Solar Farm Project

Aluminium Bahrain B.S.C. (Alba), the world’s largest Aluminium smelter ex-China, is pleased to announce that it has secured sustainable financing loan of BD1.6 million to establish its Solar Farm Project from Bank of Bahrain & Kuwait (BBK), Bahrain’s pioneer in retail and commercial banking.

A signing ceremony was held on 12 March 2023 at Alba’s Al Dana Hall, which was attended by Alba’s Chief Executive Officer Ali Al Baqali and BBK’s Group Chief Executive Officer Dr. A. Rahman Saif in the presence of senior officials from Alba and BBK.

Commenting on this occasion, Alba’s CEO Ali Al Baqali said:

“Our vision goes beyond the Aluminium we produce or the manufacturing processes we rely on. Our ambition today, being the largest smelter in the world ex-China, is to deliver what is best to all our stakeholders: our people, communities, customers and most importantly to the Kingdom of Bahrain.

Installing the Solar Farm reflects how our climate strategy ties into our value creation story. Teaming up with our banking partner, BBK, we were able to finance our green project with a green loan in line with our ESG roadmap.

Every small step we take collectively, will get us closer to meet Bahrain’s objectives for Net Zero Emissions