India’s Capri Global Capital Ltd, a Non-banking financial company, has launched its Rooftop Solar Finance product for MSMEs. The new financing option is designed to help individuals and businesses to adopt solar energy by covering the cost of solar modules, inverters, batteries, and installation. Loans ranging from INR 50,000 to INR 25 lakh will be available through a partnership with Credit Fair, a renewable energy fintech platform that provides digital onboarding. The initial rollout will focus on Rajasthan, Madhya Pradesh, and Gujarat, with plans to expand into Delhi, Maharashtra, Uttar Pradesh, and Uttarakhand by the end of the year. Capri Global expects to grow its solar finance loan book to INR 1,000 crore in the coming years.
Capri Global unveils rooftop solar loans to power MSMEs
Capri Global’s partnered with Credit Fair to ensure digital access to solar finance, helping homeowners and businesses adopt renewable energy. (Image Credit/Source: fietzfotos/Pixabay)
The IEA’s latest report reveals that module prices have halved since early 2023, as the market faces a surplus in solar manufacturing. (Image Credit/Source:Pixabay/Pexels)
SECI’s petition for tariff adoption under Section 63 of the Electricity Act, 2003 for a 900 MW hybrid project is now awaiting a CERC decision. (Image Credit/Source: Pixabay/Pexels )
The CFSE will include a 30,000-square-foot lab and solar tracker setups for real-time training. (Image Source: BUSINESS WIRE)
The BPCL contract includes CTU approval, transmission line installation, and a five-year operations and maintenance plan. (Image Credit: Pexels)