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Tata Power Solar Systems Partners with ICICI Bank to Facilitate Solar Financing


Clean Energy

Tata Power Solar Systems Financing

According to the terms and conditions, customers can obtain loans up to Rs 90 lakh with flexible, collateral-free options

Tata Power Solar Systems Ltd (TPSSL), a subsidiary of Tata Power Renewable Energy Limited (TPREL), has entered into a strategic partnership with ICICI Bank to offer financing options for residential and corporate customers aiming to invest in solar energy. This collaboration is designed to make the adoption of solar power more accessible and affordable, aligning with India's growing emphasis on renewable energy.

According to the terms and conditions, customers can obtain loans up to Rs 90 lakh with flexible, collateral-free options and up to a five-year payback period. For those seeking higher loan amounts, ICICI Bank will offer loans with collateral, allowing repayment periods of up to 20 years. This flexibility ensures that a broader range of customers can benefit from the initiative, making it easier for them to transition to solar energy. Additionally, TPSSL highlighted that customers can take advantage of a down-payment option of 20-25% of the loan amount, further easing the financial burden of installing solar units.

TPREL, a key player in the renewable energy sector, continues to drive the development and deployment of green energy solutions across India. This partnership with ICICI Bank underscores the company's commitment to expanding the accessibility of solar energy, contributing to the nation's sustainability goals. As India seeks to increase its renewable energy capacity, such collaborations are pivotal in accelerating the transition to cleaner energy sources.


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