WAARE partners with SBI to finance projects for consumers, channel partners

/ -- WAAREE, India's largest Solar Panel manufacturer, 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 intends to leverage over 500 Cr of a credit line through Surya Shakti Solar Finance Scheme and provide a digital platform for hassle-free journey to loan applicants for financing solar projects.

WAAREE enjoys the largest footprint across India through its Channel partner network, which caters to the customer base in the remotest corner of the country. This unsecured financing facility shall be extensively used by Commercial Institutions, Industries, Resorts, hotels, Manufacturing Units, Warehouses for adopting solar as their new energy source. Hence boosting solar penetration across India, aiding our country's energy security and accelerating decarbonization of power. The entire ecosystem has bee