Tata Power Solar Achieves Milestone, Surpasses ₹3,500 Crore in Solar Project Financing

Tata Power Solar Systems Limited (TPSSL) has witnessed a 0.20 percent increase in its shares following reports that the company has successfully facilitated over ₹3,500 crore in customer financing for solar projects in the last 4.5 years. Collaborating with more than 20 financial institutions, TPSSL has been a key player in promoting solar adoption by providing tailored financing solutions to residential, commercial, and industrial customers.

The company's financial models, strategically designed to minimize upfront investment while ensuring long-term returns, have supported the financing of more than 2,200 commercial and industrial projects, amounting to approximately ₹3,400 crore. Notably, states such as Maharashtra, Gujarat, Punjab, Karnataka, and Rajasthan have taken the lead in availing these innovative financing solutions, contributing to Tata Power Solar's substantial success in the solar project financing landscape.

HBL