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Mufin Green Finance to fund Rs 5 billion solar projects by 2026

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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

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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

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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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Tata Power partners with IndusInd Bank to finance solar installations for MSEs

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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…