Waaree-Backed Solfin Seals Co-Lending Deal with Japanese Financial Giant to Boost Solar Financing

Solfin Sustainable Finance Pvt. Ltd., a solar-focused NBFC backed by Waaree Energies, has entered into a co-lending partnership with a leading Japanese financial institution to accelerate access to solar finance across India.

The collaboration aims to provide working capital loans for solar panel dealers and rooftop solar loans for consumers, ensuring quicker and more affordable financing solutions. By combining Solfin’s deep solar sector expertise with the Japanese lender’s capital strength, the tie-up is expected to scale renewable adoption across both urban and rural markets.

The co-lending model is structured to deliver competitive interest rates and improved credit access, catering to the growing financing needs of India’s expanding solar ecosystem.

"Through this unique partnership, two financial organisations will combine their respective strengths to create and offer more funding opportunities in the Solar Finance ecosystem. Various entities seeking solar finance, will get faster access to funds, innovative products and financing solutions that accelerate their shift to clean energy. Furthermore, the backing of Waaree will strengthen our ability to tap into new segments and accelerate our role in the solar revolution transforming the nation," said Pramod Mahanta, Co-Founder of Solfin. 

Founded by Gautam Kaushik and Pramod Mahanta, Solfin operates as a distributed green asset delivery and financing platform, with Waaree, India’s largest solar manufacturer, as its strategic backer.

Waaree Energies Ltd., boasts ~16.7 GW of global solar PV module capacity and 5.4 GW of solar cell capacity, with operations spanning over 25 countries. The company’s portfolio includes solar panels, inverters, EPC services, battery storage systems, and green hydrogen solutions.