Tata Power Renewable Energy Ltd (TPREL) has partnered with Bank of Baroda (BoB) to boost solar energy adoption among micro, small, and medium enterprises (MSMEs) and commercial and industrial (C&I) customers across India. The move is set to accelerate India’s green transition while reducing energy costs for thousands of businesses.
Driving Solar Adoption Through Financial Support
Under this partnership, Bank of Baroda will extend financial assistance for rooftop and ground-mounted solar projects of up to 10 MW capacity. Customers can avail of these loans through TPREL or its network of authorised channel partners.
The collaboration offers several financial benefits, including:
-
Interest rates starting at 7.75%
-
Collateral-free loans up to ₹10 crore under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE)
-
Loan tenure of up to 10 years
-
Reduced margin requirements
-
Pan-India accessibility and concessional processing fees
These attractive terms are expected to make solar adoption more accessible and viable, especially for MSMEs that face capital constraints.
A Boost for India’s Clean Energy Goals
With over 2.49 lakh rooftop installations already completed and a total capacity of 3.6 GWp as of August 2025, TPREL has become one of the key players in India’s solar landscape. Its clients span sectors like hospitality, automotive, aviation, education, chemicals, steel, and electronics.
This partnership marks a critical step in India’s journey toward reducing carbon emissions and enhancing energy self-sufficiency, especially among small businesses. By offering financial flexibility, it enables enterprises to switch to sustainable energy solutions without heavy upfront investments.
Supporting MSMEs Through Energy Savings
Solar installations can significantly reduce electricity costs, improving overall business margins—especially important for MSMEs struggling with rising operational expenses. By eliminating dependency on fluctuating power tariffs, these businesses can achieve greater cost predictability and long-term sustainability.
This initiative reflects a growing trend where public-private partnerships are helping India’s smaller enterprises embrace digital and green transformations. Through such models, India not only addresses climate goals but also empowers its MSME backbone to grow more competitively in a changing global market.