Waaree-Backed Solfin Announces Co-Lending Tie-Up with a large Japanese Financial Institution to Expand Solar Finance Access

Solfin Sustainable Finance Private Limited, a solar-focused NBFC backed by Waareeand a Japanese Financial Institution have announced a strategic Co-Lending Partnership aimed at enhancing solar financing across India,fuelling faster adoption of clean energy solutions. This collaboration will provide Working Capital finance to Solar Panel dealers and Rooftop Solar finance to end consumers.

The partnership combines the robust lending expertise and capital strength of the Japanese Financial Institution with Solfin’s deep sectoral focus, strong industry relationships, and innovative solar financing products. Together, the two institutions aim to address the growing financing needs of the solar ecosystem, especially for dealers and end-users seeking quick, affordable, and scalable financing solutions.

Key Highlights of the Partnership:

• Working Capital Loans tailored for wholesale solar panel dealers across India.
• Rooftop Solar Loans for various segments
• Nationwide Coverage enabling solar adoption in urban and rural markets alike.
• Co-Lending Structure that ensures competitive interest rates and improved credit accessibility.

PramodMahanta, Co-Founder of Solfin, said:“Through this unique partnership, two financial organizations will combinetheir respective strengths to create and offer more funding opportunities in the Solar Finance ecosystem. Various entities seeking solar finance, will get faster access to funds, innovative products and financing solutions that accelerate their shift to clean energy.Furthermore, the backing of Waaree will strengthen our ability to tap into new segments and accelerate our role in the solar revolution transforming the nation.

This co-lending initiative reflects the shared commitment of both institutions to support India’s renewable energy mission and contribute to the nation’s sustainable growth trajectory.