NEW DELHI: Tata Power Renewable Energy Ltd (TPREL) has partnered with Bank of Baroda to provide financing solutions for MSMEs and Commercial & Industrial (C&I) units investing in solar equipment and projects.
Under the agreement, Bank of Baroda will offer financial support to borrowers acquiring solar systems or projects up to 10 MW through TPREL or its authorised partners, the company said on Friday.
The financing program features interest rates starting at 7.75%, collateral-free loans of up to ₹10 crore, coverage under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE), and flexible repayment tenures of up to 120 months.
As of August 2025, TPREL has completed more than 2.49 lakh rooftop solar installations, reaching a cumulative capacity of over 3.6 GWp.
Several renewable energy companies have established similar partnerships with banks to facilitate lending for solar adoption.
