Non-banking finance firm (NBFC) Ecofy, which is concentrated on inexperienced financing, tied up with Tata Power Solar Systems Ltd. to finance solar options resembling solar rooftops, EPC companies, and different solar merchandise for purchasers who’re adopting sustainable and pure modes of vitality.
Ecofy mentioned it could lend to people and small companies that search to procure numerous solar companies from main solar vitality corporations thereby serving to India to obtain internet zero targets.
In addition, this collaboration will allow the corporate to set up over 1,500 installations and attain out to over 400 sellers, distributors, households, industrial areas, industries in seven States specifically Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Karnataka, Telangana and Goa.
Govind Sankaranarayanan, Co-Founder & COO of Ecofy, mentioned, “The current capacity of rooftop solar stands at approximately 9 GW, projected to grow at a 15% CAGR over the next five years. Given the thriving solar rooftop market and the government’s robust backing for sustainable energy adoption, this partnership is set to have a substantial impact.”
“Tata Power Solar Systems Ltd. is a veritable giant in the industry, and we look forward to working together to drive the extensive adoption of solar energy,” he added.
