Tata Power and Bank of Baroda sign MoU to finance solar projects
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…