Solex Energy Limited, recognized as one of India’s most trusted solar brands, has announced a strategic partnership with the State Bank of India (SBI), the country’s leading public sector bank. This collaboration aims to facilitate the adoption of solar energy solutions nationwide by providing accessible financing options for commercial, industrial, and institutional customers.
Through the Surya Shakti Solar Finance Scheme, SBI will offer loans of up to ₹10 crore for various solar projects across India. The financing scheme is designed for small and medium enterprises (SMEs) and businesses seeking to install grid-connected rooftop or ground-mounted solar systems under net metering and zero export arrangements. To streamline the loan application process, SBI will provide a digital platform that ensures a hassle-free experience for customers.
Key Details of the Partnership:
- Maximum Loan Amount: Up to ₹10 crore for eligible solar projects.
- Types of Solar Projects Covered:
- Grid-connected rooftop and ground-mounted solar systems for captive use.
- Rooftop projects utilizing net metering or zero export devices.
- Comprehensive Support: Solex Energy Limited will offer end-to-end assistance, including site evaluation, system design, and obtaining necessary regulatory approvals. Additionally, the company will help customers secure comprehensive insurance from SBI, covering the duration of the loan.
Chetan Shah, Chairman & Managing Director of Solex Energy Limited, expressed his enthusiasm about the partnership: “SBI is one of the most trusted banks in India, and Solex is equally proud to be recognized as one of India’s most trusted solar brands. We are thrilled to collaborate with like-minded partners who share our commitment to a sustainable future. This partnership will accelerate the growth of solar energy and empower our clients and channel partners to adopt solar solutions and drive business expansion swiftly. Together, we are building a brighter and greener tomorrow.”
Customers and channel partners interested in solar financing can visit the dedicated Surya Shakti Solar Finance platform at SBI Surya Shakti to submit their requests and begin their solar financing journey.
With this partnership, Solex Energy Limited and SBI are dedicated to making solar energy more accessible and affordable, positioning it as a key driver for India’s renewable energy future.
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