HomeRenewable energy ›Waaree Energies and Ecofy Empower Homeowners with Affordable Rooftop Solar Solutions

Waaree Energies and Ecofy Empower Homeowners with Affordable Rooftop Solar Solutions

Complementing the government's PM Surya Ghar Yojana 2024 and leveraging favourable market conditions, this partnership is expected to contribute to India's renewable energy transition.

May 08, 2024. By Anurima Mondal

Waaree Energies Limited has established a collaboration with Ecofy committed to providing green finance for climate-positive initiatives. Ecofy is committing INR 100 crore into the partnership, showcasing confidence in Waaree's capabilities and the renewable energy sector's growth potential.
 
Complementing the government's PM Surya Ghar Yojana 2024 and leveraging favourable market conditions, this partnership is expected to contribute to India's renewable energy transition.
 
This collaboration intends to make clean energy more accessible and affordable for homeowners, aiding in achieving the nationwide objective of solarising households and MSME’s.
 
Kailash Rathi, Head of Partnerships & Co-Lending at Ecofy, added, "Our collaboration with Waaree signifies a milestone towards solar adoption at a time when the industry is at an inflection point. Over the past 15 months, Ecofy has empowered over 5000 rooftop solar customers. We have invested heavily in this segment enabling penetration through product innovation and instant approvals. As the country prepares for the peak solar season, the collaboration between Ecofy and Waaree is expected to act as a catalyst, and aid in accelerating solar adoption and penetration across diverse segments of society.”
 
Pankaj Vassal, President of Sales at Waaree Energies Limited, expressed enthusiasm for the collaboration, stating, "Our partnership with Ecofy represents progress towards democratizing solar power accessibility. By integrating our solar solutions with Ecofy's financing platform, we are working towards removing barriers and aiding in accelerating the adoption of solar power across households and businesses. Ultimately, this is expected to empower more people to embrace the benefits of clean energy while collectively building a greener, more environmentally-conscious India."
 
Waaree Energies Limited and Ecofy expect to play a significant role in achieving India's energy independence goals while assisting households in embracing a greener, more cost-effective way of living.
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