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Ecofy Partners With Tata Power Solar Systems Ltd To Enable Affordable Rooftop Solar Financing

The partnership will help in financing solar solutions like solar rooftops, EPC services, and other innovative solar products for new-age customers that are consciously adopting sustainable and natural modes of energy

Ecofy Partners With Tata Power Solar Systems Ltd To Enable Affordable Rooftop Solar Financing

Outlook Start-Up Desk

POSTED ON May 27, 2023 12:33 PM

Ecofy, a green-only NBFC, which aims to resolve the climate finance gap in the Indian retail sector, joins forces with Tata Power Solar Systems Ltd. 

The partnership will help in financing solar solutions like solar rooftops, EPC services, and other innovative solar products for new-age customers that are consciously adopting sustainable and natural modes of energy.
 
This partnership eyes to pave the way for widespread adoption of clean energy throughout the country, while also facilitating a seamless transition to solar energy. In pursuit of this goal, Ecofy will lend to individuals and small businesses that seek to procure various state-of-the-art solar services from the nation’s leading solar energy pioneers, thereby laying the roadmap for a net zero-carbon nation. In addition, this collaboration will enable Ecofy to establish 1500+ installations and reach out to 400+ dealers, distributors, households, commercial spaces, and industries in 7 states namely Maharashtra, Gujarat, Rajasthan, Madhya Pradesh, Karnataka, Telangana and Goa.
 
Speaking on the partnership, Govind Sankaranarayanan, Co-Founder & COO of Ecofy, said, “The current capacity of Rooftop Solar stands at approximately 9 GW, projected to grow at a 15% CAGR over the next 5 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.”
 

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