Photo by Michael Pointner: https://www.pexels.com/photo/climate-light-nature-rooftop-18306344/

Tata Power unit, SIDBI to offer easy financing for MSMEs’ solar adoption

It is offered through SIDBI’s End-to-End Energy Efficiency Scheme.

Tata Power Solar Systems and the Small Industries Development Bank of India (SIDBI) signed a Memorandum of Understanding (MOU) to offer “customised and innovative financing solutions” that will attract micro, small and medium enterprises (MSMEs)  to adopt solar energy.

In a statement, Tata Power said MSMEs that want to install rooftop solar or associated services from Tata Power or its authorised channel partners in India will be supported by SIDBI.

They could avail the financing solutions through SIDBI’s 4E or End-to-End Energy Efficiency Scheme which will offer its customers various benefits including competitive interest rates ald loan limit to meet the MSME sector requirement.

ALSO READ: Tata Power unit to develop 28 MW captive solar plant

Aside from this, the parties also launched “The Big Solar Fest” which aims to spread awareness of the most competitive financing offering without processing fees which will serve as an additional incentive to accelerate the MSMEs’ clean energy adoption.

"MSMEs are the backbone of India's economy. They operate across industrial segments and are major consumers of electricity,” Dr. Praveer Sinha, CEO & MD of Tata Power.

“Our strategic collaboration with SIDBI will facilitate the ‘ease of opting’ renewable energy in the MSME sector and power its quest to become more efficient and globally competitive,” Sinha added.

 

Follow the link for more news on

Join Asian Power community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!