Tata Power Solar Systems Limited (TPSSL), a wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), has facilitated over ₹3,500 crore in customer financing for solar projects over the last 4.5 years. This has strengthened Tata Power’s position as India’s foremost green energy partner, driving the mainstream adoption of Solar Energy. TPSSL’s collaborations with more than 20 financing partners, including PSUs, Private Banks, and NBFCs, have been instrumental in achieving this feat.
TPSSL has tailored financing models to suit diverse customer profiles, catering to both Residential and Commercial & Industrial clients, including MSMEs, Corporates, Hospitals, and Institutions. It has successfully facilitated financial solutions to over 2,200 Commercial & Industrial customers, with projects valued at approximately ₹3,400 crore. This includes 850 MW for non-residential and about 9 MW for residential customers, with over 1,000 residential loans facilitated, contributing to projects valued at around ₹55 crore.
TPSSL’s innovative financial models support over 85% of the addressable order book, aiming to empower enterprises and individuals to embrace sustainable practices. Maharashtra, Gujarat, Punjab, Karnataka, and Rajasthan have emerged as the top 5 states actively availing the financing solutions. TPSSL has streamlined the loan application and sanctioning process with all key partners, achieving the fastest average Sanction TAT of just 4 working days.
In recognition of its outstanding contributions, Tata Power was honored with the ‘Most Prominent Player’ in Customer Financing award by IEEFA & J&K Research Analytics in September 2023.
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