The largest integrated solar energy firm in India, Tata Power Solar Systems Ltd., joins up with Ecofy, India’s green-only NBFC, to help close the climate finance gap in the country’s retail sector. Tata Power Solar Systems Ltd. is working to usher in a nationwide solar revolution. For new-age clients that intentionally choose sustainable and natural energy modes, the cooperation will help finance solar solutions like solar rooftops, EPC services, and other cutting-edge solar products.
In addition to ensuring a smooth transition to solar energy, our alliance intends to open the door for the mass adoption of sustainable energy throughout the nation. In order to achieve this objective, Ecofy will provide loans to private citizens and small companies looking to acquire a range of cutting-edge solar services from the best solar energy pioneers in the country, building the foundation for a net carbon-zero society. Additionally, via this partnership, Ecofy will be able to set up 1500+ installations and connect with 400+ dealers, distributors, homes, businesses, and industries throughout seven states: Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Karnataka, Telangana, and Goa.
The present capacity of rooftop solar is roughly 9 GW, with a predicted growth rate of 15% CAGR over the following five years, according to Govind Sankaranarayanan, Co-Founder & COO of Ecofy, who spoke about the alliance. Given the booming solar rooftop sector and the government’s strong support for the adoption of sustainable energy, this alliance is expected to have a significant impact. Tata Power Solar Systems Ltd. is a true industry behemoth, and we look forward to collaborating with them to promote widespread solar energy adoption.