New Delhi, Feb. 6 -- Tata Power Renewable Energy Limited (TPREL), a subsidiary of Tata Power and a public sector lender Bank of Baroda, have signed a Memorandum of Understanding (MoU) for financing of residential rooftop solar power systems.
The MoU will facilitate financing options for residential customers under the Pradhan Mantri Surya Ghar Yojana (PMSGY). The collaboration will leverage on the wide branch network and financing capabilities of Bank of Baroda and the dealer network of Tata Power Renewable Energy, enabling seamless sourcing and loan processing for customers, a joint press statement said.
This strategic partnership is set to boost the adoption of rooftop solar systems across the country by providing affordable and accessi...