Tata Power Renewables Signs MoU with Bank of Baroda to Finance MSME and C&I Solar Projects
Tata Power Renewable Energy has signed an MoU with Bank of Baroda to finance solar projects up to 10 MW for MSME and C&I customers, offering interest rates starting from 7.75 percent and collateral-free loans of up to INR 10 crore with CGTMSE coverage.
September 26, 2025. By Mrinmoy Dey
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 channel partners. This initiative is designed to help MSME and C&I businesses adopt renewable energy with greater ease, reduce operating costs, and contribute to India’s sustainability goals.
The financing scheme offers several key benefits, which include an attractive rate of interest starting from 7.75 percent, collateral-free loans of up to INR 10 crore CGTMSE (Credit Guarantee Fund Trust for Micro and Small Enterprises) coverage, flexible repayment tenure of up to 120 months, pan-India financing coverage, reduced margin requirements (starting from 20 percent), and concessional processing fees.
As of August 2025, TPREL has completed over 2.49 lakh rooftop solar installations, achieving a cumulative capacity exceeding 3.6 GWp. In the C&I segment, TPREL has catered to a diverse set of customers across various sectors, viz Hospitality, Automotive, Aviation, Education, HVAC, Chemical, Steel, Electronics, and Textiles, among others.
please contact: contact@energetica-india.net.
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