Tata Power Solar Systems Limited (TPSSL), a leading integrated solar company in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has facilitated over Rs 3,500 crore of customer financing for solar projects during the last 4.5 years. This has led The Tata Power Company Limited (Tata Power) to emerge as the nation’s most preferred and trusted green energy partner, which is mainstreaming the adoption of Solar Energy in the country.
This momentum built over the years will help in supporting the wide scaled adoption of solar energy in the country. TPSSL has achieved this feat through collaborations with more than 20 active financing partners, including PSUs, Private Banks, and NBFCs. The extensive network consists of 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.
TPSSL has designed financing models to cater to diverse customer profiles, accommodating both Residential comprising individual houses and housing societies and Commercial & Industrial clients including MSMEs, Mid and Large sized Corporates, Hospitals, Institutions etc. The company has successfully facilitated financial solutions to over 2,200 Commercial & Industrial customers. These projects are valued at approximately Rs 3,400 crore. The quantum of solar power financed includes 850 MW for non-residential and about 9 MW for residential customers.
