Tata Power Solar Systems Collaborates with ICICI Bank for Solar Financing

Tata Power Solar Systems Ltd (TPSSL) has partnered with ICICI Bank to offer financing options for solar units to both residential and corporate customers. The agreement features loans up to Rs 90 lakh with collateral-free options and flexible down-payment plans. Higher loan amounts with collaterals and longer tenures are also available.

Tata Power Solar Systems Ltd (TPSSL) has entered into a strategic collaboration with ICICI Bank to provide financing solutions for solar units designed for residential and corporate customers.

This partnership allows customers to secure loans up to Rs 90 lakh with collateral-free options, offering a repayment tenure of up to 5 years. Additionally, higher loan amounts with collateral support and an extended tenure of up to 20 years are available.

The agreement includes a flexible down-payment option ranging between 20 to 25 percent of the loan amount, facilitating easier investments in solar energy. TPSSL, a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), continues to develop renewable energy projects, enhancing the accessibility of solar energy solutions.

(With inputs from agencies.)