Aerem Solutions and Panasonic partner to drive solar adoption in India

The strategic partnership aims to facilitate affordable solar solutions, aligning with India’s renewable energy goals.

Aerem Solutions, a leading provider of end-to-end solar solutions and the parent company of NetZero Finance Private Limited—India’s only RBI-licensed Solar Focus NBFC—has signed a Memorandum of Understanding (MOU) with Panasonic Life Solutions India Private Limited (PLSIND), a leading player in the distributed solar energy sector. Through this strategic collaboration, Panasonic aims to sell over 500Cr worth of solar products by facilitating financial assistance for its homeowners and C&I customers.

The MOU outlines a framework under which Aerem Solutions, through its financial arm NetZero Finance, will provide tailored loan facilities to customers of Panasonic’s solar products, thereby facilitating Panasonic’s adoption of solar energy solutions across India. This partnership underscores the commitment of both companies to contribute to a sustainable future by making solar energy more accessible and affordable.

Anand Jain, CEO of Aerem Solutions, expressed his enthusiasm about the partnership: “We are thrilled to collaborate with Panasonic Life Solutions India to drive the adoption of solar energy solutions. Since our inception, we have enabled over 350MW of solar capacity. This partnership aligns perfectly with our mission to provide financial support for solar energy projects, making renewable energy more accessible to a broader audience. We aim to empower individuals and businesses to transition to cleaner energy sources, thereby contributing to a greener planet.”

Amit Barve, BU Head, Solar BU – Panasonic Life Solutions, also shared his comments: “Panasonic Group aims to achieve both a better life and a sustainable global environment by creating impacts from actions that reduce our CO2 emissions, contribute to avoiding Co2 emission of society and realize a circular economy. This partnership is a step ahead in helping society reduce CO2 emissions by facilitating easier Solar energy adoption.”

This partnership is expected to significantly boost the adoption of solar energy solutions in India, supporting the country’s ambitious renewable energy targets and fostering sustainable development.