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It said it is on track to finance projects that would deliver over 10,000 new solar-powered electricity connections to households and businesses across various communities by the end of 2021.
The bank has also developed a product for mini-grid developers, under the World Bank/Rural Electrification Agency (REA) scheme.
Through this, businesses in the renewable energy sector can access loans of up to 70% of the project cost without collateral.
FCMB also said it plans to roll out loans to households to purchase solar home systems following a successful pilot introduction of this product for its employees to enable them to procure solar power systems at a reduced rate, for use in their homes.