Tata Power Company Limited has informed the Exchange regarding a press release dated September 26, 2025, titled "Tata Power Renewable Energy Limited signs MoU with Bank of Baroda to accelerate clean energy adoption among MSME and C&I customers".
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Tata Power's renewable energy subsidiary TPREL has signed a Memorandum of Understanding with public sector lender Bank of Baroda to provide easy financing for MSME and Commercial & Industrial (C&I) customers looking to install solar projects up to 10 MW. Bank of Baroda will offer attractive interest rates starting from 7.75%, collateral-free loans up to ₹10 crore backed by CGTMSE guarantee cover, repayment tenure of up to 120 months, and reduced margin requirements starting from 20%. The partnership covers pan-India financing and applies to solar equipment purchased through TPREL or its authorized channel partners. TPREL currently has over 2.49 lakh rooftop solar installations completed, with cumulative capacity exceeding 3.6 GWp across sectors like hospitality, automotive, aviation, education, and steel.
This is a positive development that should help TPREL expand its MSME and C&I rooftop solar customer base by removing the key barrier of upfront financing cost. Easier access to bank loans at competitive rates can drive higher solar adoption volumes, supporting Tata Power's growth in the renewable energy segment.