Tata Power Renewable partners with Bank of Baroda for clean energy financing

Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed a memorandum of understanding (MoU) with Bank of Baroda. This partnership will provide financing solutions for MSME and commercial & industrial (C&I) customers investing in solar energy, facilitating financial assistance for solar projects up to 10 megawatts (MW) capacity.

Customers will benefit from attractive interest rates starting at 7.75% and collateral-free loans up to ₹10 crore under CGTMSE coverage. The scheme also offers flexible repayment tenures of up to 120 months, pan-India financing, reduced margin requirements starting from 20%, and concessional processing fees.

As of August 2025, TPREL has completed over 2.49 lakh rooftop solar installations, achieving a cumulative capacity exceeding 3.6 GWp. This collaboration supports India's transition towards a low-carbon economy and contributes to the national target of achieving 500 GW of renewable energy capacity by 2030.