1 year ago
Solfin Partners with Japanese Institution to Expand Solar Finance
Solfin, a company that helps fund solar projects, is working with a large Japanese financial institution to make it easier for people in India to get money for solar panels.
This partnership will provide loans for solar panel dealers and for homeowners wanting rooftop solar panels.
The goal is to offer lower interest rates and make loans more accessible in both cities and rural areas.
Solfin was created in December 2022 and is supported by Waaree, a large solar panel maker.
This collaboration combines Solfin's knowledge of the solar industry with the financial institution's lending expertise and capital, helping India move towards renewable energy.
Solfin partnered with a Japanese financial institution for solar financing in India.
The partnership aims to provide working capital loans for solar panel dealers.
The collaboration offers rooftop solar loans for end consumers.
The co-lending structure targets competitive interest rates across markets.
The partnership supports India's renewable energy goals.
- Who
- Solfin and a Japanese financial institution
- What
- Announced a co-lending partnership to expand solar financing.
- Where
- India
- When
- Announced on September 2, 2025.
- Why
- To enhance solar financing and support India’s renewable energy goals.
Key facts
- Partnership Date
- September 2, 2025
- Partnering Institution
- Large Japanese Financial Institution
- Solfin Backer
- Waaree
- Solfin Founders
- Gautam Kaushik and Pramod Mahanta
- Solfin Founded
- December 2022
- Waaree Energies Limited Established
- 1990
- Waaree Solar Module Capacity
- 16.7 GW
Quotes
Pramod Mahanta
Co-Founder of Solfin
“Through this unique partnership, two financial organizations will combine their respective strengths to create and offer more funding opportunities in the Solar Finance ecosystem.”
thehindubusinessline.com
