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Tata Power Solar Systems Helps Finance Solar Projects Worth Rs 3,500 Cr

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Rooftop Solar Scheme To Help 1 Cr Households Save Up To Rs 18 000 Annually: Sitharaman Photo: The scheme will also aid in the charging of electric vehicles; provide entrepreneurship opportunities for a large number of vendors for supply and installation; and provide employment opportunities for the youth with technical skills in manufacturing, installation, and maintenance
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Tata Power Solar Systems Ltd. said it has facilitated customer financing worth Rs 3,500 crore for solar installations in 4.5 years.

Tata Power Solar Systems Limited (TPSSL) is a step-down subsidiary of Tata Power.

"Tata Power Solar Systems has facilitated over Rs 3,500 crore of customer financing for solar projects during the last 4.5 years. TPSSL has successfully facilitated financial solutions for over 2,200 commercial and industrial customers," the company said in a statement.

TPSSL has collaborations with more than 20 active financing partners, including PSUs, private banks, and NBFCs.

The tie-ups include 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 as the primary lending partners.

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