Tata Power Renewables Partners with IndusInd Bank for Solar Financing

Tata Power Renewable Energy Limited (TPREL) has teamed up with IndusInd Bank to provide accessible and affordable solar financing for Micro and Small Enterprises (MSEs) in India. This partnership enables MSEs to obtain collateral-free loans ranging from ₹10 lakh to ₹2 crore, with a 20% margin, competitive interest rates, and repayment terms of up to 7 years, fostering greater solar energy adoption in the sector.
Deepesh Nanda, CEO & MD, Tata Power Renewable Energy Limited, said, "Tata Power Renewables has been leading the green energy transition, and is committed to accelerating path to India's Net-Zero by 2070. This commitment extends to empowering MSEs, which are the backbone of India's economy, with accessible and affordable solar energy solutions. Through our partnership with IndusInd Bank, we are facilitating easy financing opportunities for MSEs to adopt solar energy, which will not only help them reduce operational costs but also actively contribute to the green energy transition."