Tata Power Renewable Energy Ltd (TPREL) signed an agreement with Bank of Baroda to provide financing solutions for MSMEs and C&I units for solar equipment and projects. Bank of Baroda extended financial assistance for projects of up to 10 MW capacity through TPREL or its authorised partners. As of August 2025, TPREL had completed over 2.49 lakh rooftop solar installations with a cumulative capacity exceeding 3.6 GW. The financing scheme included an interest rate starting from 7.75 per cent, collateral-free loans of up to INR 10 crore (~$ 1.12 million), CGTMSE coverage, and repayment tenure of up to 120 months. Several renewable energy companies had similar tie-ups with banks for solar adoption lending facilities.