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Uttar Pradesh, April 24, 2026: Tata Power Renewable Energy Limited (TPREL), one of India’s leading renewable energy companies and a subsidiary of The Tata Power Company Limited, has signed a Memorandum of Understanding (MoU) with Uttar Pradesh Gramin Bank to facilitate easy and affordable financing solutions for customers adopting rooftop solar systems across Uttar Pradesh. Uttar Pradesh Gramin Bank (UPGB), the largest Regional Rural Bank (RRB) in India, serves the entire state of Uttar Pradesh, with special focus on financial inclusion. The bank has a strong presence of over 4,300 branches across the state
This strategic collaboration aims to accelerate the adoption of clean energy by addressing one of the key barriers to solar adoption, which is access to financing. Through this partnership, TPREL customers will be able to avail loan products from Uttar Pradesh Gramin Bank for both residential and non-residential (Commercial & Industrial) solar.
Aligned with the PM Surya Ghar Yojana, the residential solar financing framework enables salaried and self‑employed individuals to transition seamlessly to rooftop solar solutions. Customers can access loans of up to ₹2 lakh for systems up to 3 kW and up to ₹10 lakh for installations ranging from 3–10 kW, significantly improving affordability. For systems up to 3 kW, the scheme offers financing of up to 90% with attractive interest rates, complemented by collateral‑free loans, zero processing fees, and extended repayment tenures of up to 10 years, substantially lowering entry barriers for households. For systems between 3–10 kW, customers can avail up to 80% financing, with interest rates aligned to prevailing home loan rates for existing home loan customers and flexible tenures of up to 7 years, enabling wider adoption of higher‑capacity rooftop solar systems.
Under the non‑residential (C&I) segment, the financing framework supports solar adoption across proprietorships, partnerships, private limited companies, and LLPs, with loans of up to ₹1 crore covering up to 75% of project cost. The offering features competitive interest rates with preferential concessions for women‑owned enterprises and fully collateralized accounts, along with flexible repayment tenures of up to 7 years aligned to business cash flow cycles. Additionally, Micro and Small Enterprises can access collateral‑free loans up to ₹10 lakh under CGTMSE, enabling easier financing and faster transition to clean energy.
The partnership will also enable joint outreach initiatives, awareness campaigns, and on-ground engagement through TPREL’s channel partners and Uttar Pradesh Gramin Bank’s extensive branch network, ensuring deeper penetration of solar solutions across the state.
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 5.3 GW projects under various stages of implementation and its operational capacity is 6.3 GW, which includes 5.1 GW solar and 1.2 GW wind. Presently, the company’s solar EPC portfolio is more than 16.7 GWp of ground-mount utility-scale, around 4.5 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, a leading integrated power company and a part of the Tata Group, India's largest multinational business conglomerate, owns a diversified portfolio of 16.3 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 7.5 GW of clean energy generation, constituting 46% of its total capacity. Committed to achieving Net Zero by 2045, Tata Power has successfully partnered with public and private entities across India's generation, transmission, and distribution sectors, serving ~13 million customers nationwide.
For more information:
Tata Power- Corporate Communications
Email: mediaquery@tatapower.com
Jyoti Kumar Bansal, Chief- Branding & Communications, Tata Power
Email: jyotikumar.bansal@tatapower.com
Siddharth Gaur- Head PR, Tata Power
E-mail: Siddharth.gaur@tatapower.com
Ankita Chowdhury - Head Marketing & Communications, Tata Power Renewable Energy Limited
E-mail: ankita.chowdhury@tatapower.com
Madison PR:
Avni Chawla, Madison PR
M: +91 7042071448
Email: avni.chawla@madisonpr.in
Akankha Saha
M: +91 8837090115
Email: akankha.saha@madisonpr.in
