Tata Power Renewable Energy inks pact with Bank of Baroda to offer solar financing solution to MSMEs

Tata Power Renewable Energy Ltd (TPREL) has signed an agreement with public lender Bank of Baroda to offer financing solutions to MSMEs and Commercial & Industrial (C&I) units for solar equipment and projects.

Under this partnership, Bank of Baroda will extend financial assistance to borrowers purchasing solar equipment and projects of up to 10 MW capacity through TPREL or its authorised partners, the company said in a statement on Friday.