MoU26 Sept 2025, 12:50 pm
Tata Power Renewable Energy Limited Teams Up with Bank of Baroda to Offer Financing Solutions for Solar Projects
AI Summary
Tata Power Renewable Energy Limited (TPREL) has signed a Memorandum of Understanding (MoU) with Bank of Baroda to facilitate financing solutions for MSME and Commercial & Industrial (C&l) customers opting for solar energy. The partnership aims to help businesses adopt renewable energy with greater ease, reduce operating costs, and contribute to India’s sustainability goals. The financing scheme offers an attractive rate of interest, collateral-free loans, flexible repayment tenure, and reduced margin requirements.
Key Highlights
- TPREL and Bank of Baroda collaborate to offer financing solutions for solar projects up to 10 MW
- Attractive interest rates starting from 7.75% and collateral-free loans up to ¥10 crore with CGTMSE coverage
- Flexible repayment tenure of up to 120 months and reduced margin requirements
- TPREL has completed over 2.49 lakh rooftop solar installations, achieving a cumulative capacity exceeding 3.6 GWp
- Collaboration underscores TPREL’s commitment to accelerating clean energy adoption across industries