Question
Tata Power Solar Systems Ltd (TPSSL) has signed an
agreement with which bank to provide financing for solar units to residential and corporate customers? (August 2024)Solution
Tata Power Solar Systems Ltd (TPSSL) has signed an agreement with ICICI Bank to provide financing for solar units to residential and corporate customers. Details- • Loan Details: Customers can avail loans up to ₹90 lakh, with collateral-free options and a tenure of up to 5 years. • Higher Loan Options: Higher loans with collateral can have tenures extending up to 20 years. • Collaboration Purpose: The agreement aims to promote the adoption of solar energy by making it easier for customers to finance solar panel purchases. • TPSSL: A wholly-owned subsidiary of Tata Power Renewable Energy Limited (TPREL), dedicated to providing solar energy solutions.
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