Tata Power and Canara Bank collaborate to boost rooftop solar adoption, ET EnergyWorld

Tata Power Renewable Energy Limited (TPREL) has partnered with Canara Bank to promote the adoption of rooftop solar installations under the PM Surya Ghar Scheme. The partnership aims to provide affordable financing options for households to switch to clean energy solutions. Under the scheme, households can avail loans with affordable interest rates and repayment tenures to install rooftop solar systems with capacities between 1-10 kW. The partnership aims to reduce energy costs while contributing to India’s sustainability goals. Speaking about the partnership, TPREL’s CEO said it aligns with the company’s mission to drive widespread adoption of solar energy in India. Canara Bank’s General Manager of Retail Assets expressed happiness to collaborate with TPREL and provide households with financial tools to adopt solar energy. The partnership is expected to drive the adoption of rooftop solar systems and contribute to the government’s renewable energy goals. With over 100,000 satisfied customers, TPREL is a leading player in India’s rooftop solar sector, and this partnership is a significant step in promoting sustainable energy solutions in the country.