Bank of India (BoI) and Tata Power Solar Systems Limited (TPSSL) have entered into a partnership to provide easier loans and financing for rooftop solar panel installation and electric vehicle (EV) charging station. Tata Power Solar is the first solar company to partner with BOI for such financing.
The key aim of this partnership is to increase the rooftop solar capacity among houses, societies and micro, small and medium enterprises (MSME). This is in line with the objectives set under the PM-Surya Ghar: Muft Bijli Yojana. By giving easier and streamlined loans, rooftop solar systems will be more accessible.
TPSSL is a solar company and a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL) and has a solar capacity of 2 GW.
In March 2024, TPSSL had commissioned a solar and battery energy storage systems project in Chhattisgarh. In June 2024, they launched their national campaign ‘Ghar Ghar Solar, Tata Power ke Sangh’ from Jodhpur, Rajasthan. It was further rolled out in Varanasi, Uttar Pradesh in July 2024.
