Solex Energy Partners with SBI for Solar Project Financing
Solex Energy has partnered with the State Bank of India (SBI) to provide financing options for solar projects, targeting commercial, industrial, and institutional customers. Under this collaboration, SBI will offer loans up to ₹10 crore through its Surya Shakti Solar Finance Scheme, aiming to make solar energy more accessible and affordable in India.
Solex Energy will support clients with site evaluations, project design, and regulatory approvals, while SBI will facilitate a seamless loan application process through a digital platform. This partnership aligns with a growing trend, as seen in Tata Power Solar’s recent agreement with ICICI Bank to finance solar units for various customers.
Loans Offered: SBI will provide loans up to ₹10 crore for solar projects.
Scheme: The financing falls under SBI’s Surya Shakti Solar Finance Scheme.
Accessibility: The partnership seeks to make solar energy more affordable for a wider audience.
Business Expansion: The initiative aims to accelerate the adoption of solar solutions among clients and channel partners.
Manufacturing Capacity: Solex Energy is expanding its solar module manufacturing capacity from 700 megawatts (MW) to 1.5 gigawatts (GW) in Tadkeshwar, Gujarat, to support the increasing demand for solar energy solutions.
Weekly Current Affairs One-Liners Current Affairs 2026 plays a very important role in competitive examinations…
In a major reform aimed at improving the ease of doing business in India, the…
José Antonio Kast has officially taken office as the new President of Chile, marking a…
Child marriage is a serious social issue in India, affecting the rights, health, and education…
Prime Minister Narendra Modi recently dedicated a modern elevated road corridor connecting Pandu Port to…
The Union Ministry of Jal Shakti is taking big steps under Jal Jeevan Mission (JJM)…