Surat, October 26: Solex Energy Limited (NSE: SOLEX), one of India’s most trusted solar brands, has announced its strategic partnership with State Bank of India (SBI), the nation’s leading public sector bank, to offer solar financing options for commercial, industrial, and institutional customers. This partnership aims to accelerate the adoption of solar energy solutions nationwide by providing easy financing for grid-connected rooftop and ground-mounted solar photovoltaic projects.
Under this collaboration, SBI will offer solar financing through its Surya Shakti Solar Finance Scheme, with loan amounts up to ₹10 crore for projects across India. The scheme caters to SME, and business enterprises looking to install solar rooftop or ground-mounted grid-connected systems under both net metering and zero export arrangements. SBI will provide a digital platform that ensures a hassle-free loan application process for financing solar projects.
Key Details of the Partnership:
- Maximum Loan Amount: SBI will provide financial assistance of up to Rs. 10 Crores for eligible projects.
- Types of Solar Projects Covered: The loan facility will support a wide range of solar projects, including:
- Grid-connected rooftop and ground-mounted solar projects for captive use.
- Rooftop projects under net metering arrangements or using zero export devices.
- Comprehensive Support: Solex Energy Limited will offer end-to-end support to customers, from site evaluation and design to obtaining regulatory approvals, ensuring a seamless experience. The company will also assist customers in obtaining comprehensive insurance provided by SBI, which will cover the loan term duration.
Commenting on the partnership, Chetan Shah, Chairman & Managing Director of Solex Energy Limited, said, “SBI is one of the most trusted banks in India, and Solex is equally proud to be recognised as one of India’s most trusted solar brands. We are thrilled to collaborate with like-minded partners who share our commitment to a sustainable future. This partnership will accelerate the growth of solar energy and empower our clients and channel partners to adopt solar solutions and drive business expansion swiftly. Together, we are building a brighter and greener tomorrow.”
Interested customers and channel partners can visit the dedicated Surya Shakti Solar Finance platform at https://suryashakti.bank.sbi:
With this collaboration, Solex Energy Limited and SBI are focused on making solar energy accessible, affordable, and a driving force for India’s renewable energy future.
