On Friday, Tata Power Solar Systems Ltd has announced that over the course of 4.5 years, it has orchestrated customer financing amounting to Rs 3,500 crore specifically dedicated to supporting solar installations.
Tata Power Solar Systems Ltd, a flagship company of the Tata Group, stands at the forefront of sustainable energy solutions. As one of the India’s largest integrated solar players, it pioneers solar manufacturing, EPC services, and rooftop solutions.
In an important development, Tata Power Solar Systems Ltd (TPSSL), a subsidiary of Tata Power, has played a pivotal role in securing financing exceeding Rs 3,500 crore for solar projects in the past 4.5 years. The company has facilitated financial solutions for more than 2,200 commercial and industrial customers, marking a milestone in the renewable energy sector.
TPSSL’s collaborative efforts extend to a diverse network of over 20 active financing partners, encompassing both public and private entities such as State Bank of India (SBI), Small Industries Development Bank of India (SIDBI), Union Bank of India (UBI), HDFC, Bank of Baroda, Tata Capital, Greenlance Energy, Ecofy, Credit Fair, and Paytm.
These partners collectively contribute to TPSSL’s mission of providing accessible and comprehensive financial support to its clients, ensuring the adoption of solar initiatives. The alliances forged by TPSSL emphasize the company’s commitment to fostering a robust ecosystem for solar project financing.
This multifaceted approach, involving collaborations with key players in the financial sector, positions TPSSL as a driving force in facilitating the transition towards sustainable energy solutions. The story of TPSSL’s financial endeavors reflects not its expertise in the solar industry and its dedication to promoting a greener and more environmentally conscious future.
