Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has entered into a strategic partnership with UCO Bank, one of India’s leading public sector banks, through a Memorandum of Understanding. The collaboration aims to accelerate the adoption of rooftop solar solutions across the country and support India’s transition toward clean and sustainable energy. The partnership is designed to make rooftop solar systems more accessible and affordable for consumers by offering convenient financing options. These initiatives directly support the Government of India’s PM Surya Ghar: Muft Bijli Yojana, a flagship program promoting decentralized clean energy for households.
Under the partnership, UCO Bank will provide financial assistance to both salaried and self-employed individuals for the installation of rooftop solar systems through the UCO Suryodaya Scheme. Consumers can avail loans of up to ₹2 lakh at a reducing interest rate of 6 percent, with a repayment tenure of up to ten years and a 10 percent margin. For larger rooftop installations ranging between ₹2 lakh and ₹6 lakh, financing of up to 80 percent of the project cost will be offered, with interest rates starting at 7.40 percent for home loan customers and 8.40 percent for non-home loan customers. The partnership also provides additional benefits such as zero processing fees and no documentation charges, enhancing the overall affordability of adopting rooftop solar.
TPREL has established itself as a leader in rooftop solar in India, having successfully delivered more than 3 lakh rooftop installations as of October 2025, contributing to a total capacity of over 3.9 gigawatts. UCO Bank has financed around 10,000 rooftop solar applications through its green financing initiatives. In the commercial and industrial segment, TPREL has served a wide range of customers across sectors including hospitality, automotive, aviation, education, HVAC, chemical, steel, electronics, and textiles.
With more than 35 years of experience in the energy sector, TPREL provides a comprehensive range of benefits to its rooftop customers, including a 25-year warranty on modules, quality assurance, lifetime service and after-sales support across India, easy financing options, and insurance for rooftop solar systems. The company plans to significantly expand its network of channel partners and retailers from over 600 to 5,000, with the aim of promoting solar rooftop adoption across the country.
The collaboration with UCO Bank reflects TPREL’s commitment to delivering reliable clean energy solutions to more households in India and underscores the bank’s focus on sustainable, consumer-centric financing. It further reinforces TPREL’s position as a key player in India’s renewable energy transition, contributing to the nation’s target of achieving 500 gigawatts of renewable energy capacity by 2030.
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