WAAREE to Finance Projects for Consumers, Channel Partners with SBI

WAAREE, one of India’s largest Solar Panel manufacturers, has entered into an Agreement with SBI for availing unsecured financing for solar projects through Surya Shakti Solar Finance Scheme and providing working capital for Channel Partners under EDFS (Electronic dealer finance scheme).

WAAREE seeks to leverage over 500 Cr of a credit line through the Surya Shakti Solar Finance Scheme and create a digital platform for loan applicants for financing solar projects.

WAAREE has the broadest footprint across India due to its Channel partner network, which serves customers in every corner of the country. This unsecured financing facility will be widely employed by commercial institutions, industries, resorts, hotels, manufacturing units, and warehouses to adopt solar as their new energy source. As a result, solar penetration is increasing across India, enhancing our country’s energy security and hastening power decarbonization. The entire ecosystem has been designed to guarantee that clients receive all essential help and direction in selecting the proper equipment, resolving technical issues at their doorsteps, and expediting loan approvals.

WAAREE has always been at the forefront of industry progress, with a host of innovative products and high-wattage solar panels that are in high demand today. WAAREE has made history as the only manufacturer in India to have a 650Wp solar panel classified in ALMM. WAAREE’s cutting-edge panel production facilities can produce panels up to 540 Wp, meeting the growing need for high-quality, high-efficiency solar panels. PVEL, a globally recognized Lab in photovoltaic testing, has listed WAAREE as the Top Performers in its 2022 Scorecard which is published to highlight the performance of global manufacturers.