Tata Power Renewable Energy (TPREL), a subsidiary of Tata Power Company, has signed a memorandum of understanding (MoU) with Bank of Baroda to provide financing solutions for MSME and commercial & industrial (C&I) customers opting for solar energy, reports Business Standard.
Under this partnership, Bank of Baroda will offer loans for solar projects and equipment of up to 10 MW capacity through TPREL or its authorized partners.
TPREL has completed over 2.49 lakh rooftop solar installations as of August 2025, totaling more than 3.6 GWp in capacity. In the C&I sector, the company serves a wide range of industries, including hospitality, automotive, aviation, education, HVAC, chemical, steel, electronics, and textiles.
A company spokesperson said, “This collaboration will make it easier for businesses to adopt solar energy and transition to cleaner power sources.”
Tata Power, India’s largest vertically integrated power company, is focused on producing electricity entirely from renewable sources. The company also manufactures solar rooftops and plans to install 1 lakh EV charging stations by 2025.
In Q1 FY26, Tata Power posted a consolidated net profit of Rs 1,262.32 crore, up 6.2%, with revenue rising 4.3% to Rs 18,035.07 crore compared with Q1 FY25. The company’s shares rose 0.85% to Rs 387.10 on the BSE following the announcement.
