Tata Power Solar and Bank of India Unite for Green Energy Financing

BOI Becomes First Bank to Partner with Solar Company for Dual Renewable Initiatives

A groundbreaking partnership between Tata Power Solar Systems Limited and Bank of India aims to revolutionize access to sustainable energy solutions across India. The collaboration focuses on providing easy financing options for rooftop solar installations and electric vehicle charging stations.

JAMSHEDPUR – A major Indian solar company has joined forces with a leading public sector bank to offer innovative financing solutions for green energy projects, marking a significant step towards sustainable development in the country.

The partnership supports government initiatives to promote rooftop solar installations.

The collaboration targets residential users, housing societies, and MSMEs.

Customers can avail loans with attractive interest rates and flexible terms.

Mr. Ashok Kumar Pathak, Chief General Manager, Bank of India, said, “Our partnership with Tata Power Solar marks a significant step towards fostering sustainable development. As the first bank to tie up with a solar company for solar and EV charging station financing, we are proud to offer tailored financial solutions that will empower individuals, housing societies, and MSMEs to embrace renewable energy. This initiative reflects our commitment to supporting the government’s vision for a green and sustainable future.”

TPSSL boasts a solar rooftop portfolio exceeding 2 GW across various states and cities.

The company offers comprehensive solutions for diverse energy needs.

TPSSL leverages 34 years of experience and the trusted Tata brand.

The firm excels in operational and maintenance services in over 275 cities.

TPREL, the parent company, is a leading provider of electric vehicle charging solutions in India.

Mr. Deepesh Nanda, CEO & Managing Director, Tata Power Renewable Energy Limited said, “We are honored to collaborate with Bank of India to advance sustainable energy solutions across various customer segments. This partnership aligns with our mission to bring affordable, clean energy to millions and accelerate India’s transition to a low-carbon economy. With the help of partners like the Bank of India, we are delighted to provide affordable and easy financing solutions for our customers looking to invest in either Rooftop Solar or EV Charging Infrastructure, which will help them take their first steps on their green energy journey.”

Its charging network spans 550+ cities and towns, with 5500+ public and semi-public charging points.

TPREL’s total renewables capacity has reached 10,025 MW, including projects under implementation.