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

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 Energy teamed up with the State Bank of India (SBI) to offer solar financing up to Rs 100 million for commercial, industrial, and institutional customers.

As a Tata Power subsidiary, TPREL develops projects across various renewable domains, including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, and storage systems.