Tata Power Renewable Energy Limited signs MoU with UCO Bank to accelerate rooftop solar adoption in India

-To offer affordable loan offerings for rooftop solar adoption under the PM Surya Ghar Yojana

National, 4th December, 2025: Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has entered into a strategic alliance with UCO Bank, one of the country’s most trusted public sector banks, through a Memorandum of Understanding (MoU). This partnership aims to accelerate the nationwide adoption of rooftop solar solutions and further strengthen India’s transition toward clean, sustainable energy.

The collaboration is designed to make rooftop solar adoption easier and more affordable for consumers, by offering accessible financing solutions that directly support the Government of India’s PM Surya Ghar: Muft Bijli Yojana — a flagship initiative driving decentralized clean energy for Indian households.

Under this partnership, UCO Bank will extend financial assistance to both salaried and self-employed individuals for installation of rooftop solar systems through the UCO Suryodaya Scheme.

  • Customers can avail loans up to ₹ 2 lakh at 6% reducing interest rate for a tenure of up to 10 years with a 10% margin.
  • For larger rooftop installations ranging from ₹ 2 lakh to ₹ 6 lakh, financing of up to 80% of the project cost will be provided, with interest rates starting from 7.40% for home loan customers and 8.40% for non-home loan customers.
  • Additional benefits such as ZERO processing fees and zero documentation charges further enhance accessibility and affordability for customers opting for clean energy.
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As of October 2025, TPREL has successfully delivered more than 3 lakh rooftop solar installations, contributing to a remarkable cumulative capacity of over 3.9 GW, a demonstration of its scale, expertise, and leadership in India’s clean energy transition. UCO Bank has financed around 10,000 rooftop solar installation applications under its green financing initiatives. In the C&I segment, TPREL has catered to a diverse set of customers across various sectors viz – Hospitality, Automotive, Aviation, Education, HVAC, Chemical, Steel, Electronics, and Textiles, among others.

With over 35 years of expertise, TPREL has been at the forefront of the sustainable energy movement. The company offers a maximum range of benefits to its rooftop consumers, including a 25-year warranty on modules, trusted quality assurance, lifetime service and after-sales support across India, easy financing options, and insurance for solar rooftop systems. The company plans to aggressively promote solar rooftop adoption through its extensive network of over 600 channel partners to 5000 channel partners and retailers to cover every nook and corner of the country.

The collaboration underscores TPREL’s efforts to deliver reliable clean energy to more homes across India, while reflecting UCO Bank’s commitment to sustainable, consumer-centric financing solutions.

It further reinforces TPREL’s position as a leader in India’s renewable energy transition, contributing to the nation’s target of achieving 500 GW of renewable energy capacity by 2030.

 

About Tata Power Renewable Energy Limited:

Tata Power Renewable Energy Limited (TPREL) is a subsidiary of The Tata Power Company Limited and is one of the country’s most significant renewable energy players. TPREL is a developer of renewable energy projects (including solar, wind, hybrid, round-the-clock (RTC), peak, floating solar, and storage systems including battery storage) that it owns, operates, and maintains. It also offers comprehensive green energy solutions for rural and urban areas like turnkey, EPC and O&M solutions for various business segments like utility-scale projects, solar rooftop, and solar pump systems. Alongside its extensive portfolio of renewable solutions, the company boasts a cutting-edge solar cell and module manufacturing plant in Bengaluru, with capacities of 530 MW for solar cells and 682 MW for modules. The company’s 4.3 GW cell and module manufacturing plant in Tirunelveli, Tamil Nadu is the country’s largest single-location cell and module manufacturing plant. In addition, TPREL also provides electric vehicle (EV) charging solutions across various segments and other advisory solutions across the renewable sector. As on date, TPREL’s total renewable utility capacity is 11.6 GW (PPA capacity is 9.4 GW) including 5.8 GW projects under various stages of implementation and its operational capacity is 5.8 GW, which includes 4.7 GW solar and 1.1 GW wind.  Presently, the company’s solar EPC portfolio is more than 15.7 GWp of ground-mount utility-scale, over 3.9 GWp of rooftop and distributed ground-mounted systems. TPREL aims to provide energy access to millions of people across the country via its integrated green energy solutions. Know more: www.tatapowersolar.com

About Tata Power:

The Tata Power Company Limited (‘Tata Power’), a leading integrated power company and a part of the Tata Group, India's largest multinational business conglomerate, owns a diversified portfolio of 15.9 GW. This portfolio spans the entire power value chain, from renewable and conventional energy generation to transmission, distribution, trading, storage solutions, and solar cell and module manufacturing. As a pioneer in India's clean energy transition, Tata Power has 7.0 GW of clean energy generation, constituting 44% of its total capacity. Committed to achieving carbon neutrality before 2045, Tata Power has successfully partnered with public and private entities across India's generation, transmission, and distribution sectors, serving approximately 12.9 million customers nationwide.

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