Solex Energy Partners with SBI for Solar Project Financing
| Aspect | Details |
|---|---|
| Partnership | Solex Energy partners with State Bank of India (SBI) for solar project financing. |
| Loan Scheme | SBI's Surya Shakti Solar Finance Scheme offers loans up to ₹10 crore. |
| Target Audience | Commercial, industrial, and institutional customers. |
| Support by Solex Energy | Site evaluations, project design, and regulatory approvals. |
| Support by SBI | Seamless loan application process via a digital platform. |
| Manufacturing Capacity Expansion | Solex Energy is expanding solar module manufacturing capacity from 700 MW to 1.5 GW in Tadkeshwar, Gujarat. |
| Alignment with Trends | Similar to Tata Power Solar's agreement with ICICI Bank for solar financing. |
| Goals | Make solar energy more accessible and affordable, and accelerate adoption. |