BASA recognized that the development of the renewable energy sector in South Africa was at an early stage but had noted the development of healthy competition in the sector. The commercial banking sector was willing to support and exploit commercially viable and sustainable opportunities. Banks had already moved into investing solutions such as; the Green Exchange Traded Fund, foreign exchange (FX) products, interest rate and commodity hedging and agency/transactional services. Banking premises were being converted to be more energy-efficient and a substantial amount was being invested in electricity back-up systems for IT platforms.