solar financing

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Tata Power and Bank of Baroda sign MoU to finance solar projects
By September 29, 2025October 28, 2025

Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power, has signed a Memorandum of Understanding (MoU) with Bank of Baroda to provide financing solutions for micro, small and medium enterprises (MSMEs) and commercial and industrial (C&I) customers adopting solar energy. Under the agreement, Bank of Baroda will extend loans for projects up to 10 megawatts (MW) executed by TPREL or its authorised channel partners. Borrowers will have access to interest rates starting at…

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Mufin Green Finance to fund Rs 5 billion solar projects by 2026
By December 5, 2024December 5, 2024

Mufin Green Finance has announced plans to finance Rs 5 billion worth of solar projects by 2026, marking its entry into the solar financing sector. The company recently closed its first solar financing deal worth Rs 32.5 million, supporting a rooftop solar installation at a manufacturing facility in Baroda, Gujarat, for a USD 3 billion company. Over the next two years, Mufin Green Finance aims to back 200,000 solar installations, contributing to India’s renewable energy…

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Sunshine Capital announces solar energy finance products
By December 3, 2024December 3, 2024

Sunshine Capital Limited has announced the launch of financial products to support solar energy adoption. The Board of Directors approved the plan during a meeting held on December 3, 2024. The new solar energy finance offerings are designed to simplify solar panel investments for homeowners by providing accessible and flexible loan options. Additionally, the Board has decided to consolidate all consumer-side offerings, including Insurance Broking, Mutual Funds Product Distribution, Retail Loans, and Solar Financing, under…

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Avaada Group to develop 1.2 GW pumped storage project in Rajasthan
By November 25, 2024November 25, 2024

Avaada Aqua Batteries, a subsidiary of Avaada Group, has signed a Memorandum of Understanding (MoU) with the Rajasthan government to establish a 1.2 GW pumped storage project (PSP) in the Sirohi district. With a budget of Rs 58 billion, the project is expected to be completed within five to seven years. It aims to provide Round the Clock with renewable energy and enhance grid stability by integrating solar and wind power. In October 2024, Avaada…

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India | News

Tata Power partners with IndusInd Bank to finance solar installations for MSEs
By October 30, 2024October 30, 2024

Tata Power Renewable Energy (TPREL) has partnered with IndusInd Bank to provide collateral-free solar financing options for micro and small enterprises (MSEs), offering loans ranging from Rs 1 million to Rs 20 million. This partnership aims to support MSEs in adopting solar energy, reducing operational costs, and contributing to the green energy transition. Both public and private lenders are increasingly collaborating with solar companies to offer financing for commercial and residential projects. Last week, Solex…

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