India : Tata Power Solar Systems Limited (TPSSL) a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL) Collaborates with over 20 top financial institutions, offering financing for up to 85% of the addressable order book. Assisted over 2,200 commercial and industrial (C&I) customers with personalized financing solutions to date.
- Tata Power Solar Systems Limited (TPSSL), a prominent integrated solar company in India and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has facilitated over ₹3,500 crore in customer financing for solar projects over the past 4.5 years. This achievement has positioned the company as the most favored and reliable green energy partner in the nation, actively promoting the widespread adoption of solar energy. The momentum gained over the years will contribute significantly to the large-scale adoption of solar energy throughout the country.
- TPSSL accomplished this milestone by partnering with over 20 active financing entities, comprising both public sector undertakings (PSUs), private banks, and non-banking financial companies (NBFCs). Among these partners are prominent institutions such as State Bank of India (SBI), Small Industries Development Bank of India (SIDBI), Union Bank of India (UBI), HDFC, Bank of Baroda, Tata Capital, Greenlance Energy, Ecofy, Credit Fair, and Paytm, serving as the primary lending partners in the extensive network.
- TPSSL has developed financing models tailored to suit various customer profiles, catering to both residential sectors, including individual houses and housing societies, as well as commercial and industrial clients such as MSMEs, mid-sized and large corporations, hospitals, institutions, and others.
- TPSSL has effectively provided financial solutions to more than 2,200 commercial and industrial customers, with the total value of these projects estimated at around ₹3,400 crore.
- The solar power financed by TPSSL comprises 850 MW for non-residential and approximately 9 MW for residential customers. Moreover, TPSSL has facilitated residential loans for over 1,000 customers, contributing to projects valued at around ₹55 crore. These innovative financial models, spearheaded by the company, support over 85% of the addressable order book and aim to empower enterprises and individuals to adopt sustainable practices with minimal initial capital outlay and substantial long-term returns. TPSSL’s financing initiatives have made a significant impact nationwide. Notably, Maharashtra, Gujarat, Punjab, Karnataka, and Rajasthan emerge as the top five states actively utilizing these financing solutions.
- TPREL is positioned at the forefront of the renewable energy landscape, boasting a solar rooftop portfolio of 1.8GW. The company is making significant progress across various states and cities, offering comprehensive solutions tailored to meet the energy needs of residential, commercial, industrial, MSMEs, large enterprises, group captive, and other customized requirements.
- With 34 years of industry experience and the trusted Tata brand, the company excels in operational and maintenance services across more than 275 cities. It demonstrates technological expertise through its indigenous cells and modules. TPREL’s strong commitment to customer satisfaction and its extensive network of channel partners further solidify its position as a trusted leader in the renewable energy sector.