India-based Solex Energy announced its partnership with State Bank of India (SBI) to offer financing for commercial, industrial, and institutional solar projects across India. Under this partnership, SBI will offer loans up to INR 10 crore (~$1.18 million) through its Surya Shakti Solar Finance Scheme. Solex Energy will handle end-to-end project support, including site evaluation, design, and regulatory approvals, while SBI will provide a digital platform to simplify the loan application process. The collaboration follows a trend of banks joining with solar providers to expand financing options. Solex Energy is also expanding its manufacturing capacity in Tadkeshwar, Gujarat, from 700 MW to 1.5 GW to meet growing solar demand.
Solex Energy, SBI announced INR 10 crore solar financing in India
Solex Energy will provide end-to-end solar project support, while SBI’s digital platform offers a seamless loan application process for solar financing. (Image Credit/Source: Fabersam/Pixabay)
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
Runergy provides insights into ITC’s Section 337 timeline, countering misleading interpretations of its 45-day and 60-day procedural references. (Image Source: Runergy)