Jakson Engineering Limited has signed a Memorandum of Understanding (MoU) with the State Bank of India (SBI) to set up solar projects to a wide range of consumers across commercial, industrial, and institutional sectors. This partnership comes under the Surya Shakti Solar finance initiative. It will combine SBI’s banking experience and Jakson’s solar technology expertise. This initiative will promote energy sustainability and lower power costs.
The Surya Shakti Solar Finance initiative aims to provide financial assistance to consumers and help them adopt solar energy. SBI is offering loans worth Rs 100 million to commercial and industrial users for the same.
Jakson group is an energy solutions provider. They provide services in distributed energy, solar power, alternative fuels, and high-tech energy storage systems, as well as renewable, civil, and infrastructure EPC services. In August 2023, they had partnered with All India Institute of Medical Sciences (AIIMS), Delhi and installed a 9 kW solar plant in the institute. The solar plant was estimated to meet the entire power requirements by producing 13,140 units per annum.
