Tata Power Solar Systems Limited, a subsidiary of India-based energy firm Tata Power Co Ltd, has announced the successful facilitation of over INR 35 billion (USD 421.4m/EUR 391.9m) in customer financing for solar power projects across India within the past 4.5 years.
The financing initiative spearheaded by TPSSL has contributed to the development of 850 MW of capacity for non-residential clients and approximately 9 MW for residential customers.
The accomplishment is the result of collaborative efforts with more than 20 active financing partners, including notable institutions such as State Bank of India (SBI), Small Industries Development Bank of India (SIDBI), Union Bank of India (UBI), and HDFC.
As an integrated solar company, TPSSL operates as a subsidiary of Tata Power Renewable Energy Limited (TPREL), which boasts a solar rooftop portfolio of 1.8 GW.
