Waree backed Solfin Finance partners Japanese institution to boost solar financing

The partnership aims to address the growing financing needs of the solar ecosystem, particularly for dealers and end-users seeking quick, affordable, and scalable financing solutions.

Solfin Sustainable Finance Private Limited, a solar-focused NBFC backed by Waaree and a Japanese financial institution, has announced a strategic co-lending partnership aimed at enhancing solar financing across India, fuelling faster adoption of clean energy solutions. This collaboration will provide working capital finance to solar panel dealers and rooftop solar finance to end consumers.

The partnership combines the robust lending expertise and capital strength of the Japanese financial institution with Solfin’s deep sectoral focus, strong industry relationships, and innovative solar financing products. Together, the two institutions aim to address the growing financing needs of the solar ecosystem, especially for dealers and end-users seeking quick, affordable, and scalable financing solutions.

The partnership offers working capital loans for wholesale solar panel dealers in India, rooftop solar loans for various segments, nationwide coverage for urban and rural markets, and a co-lending structure for competitive interest rates.

Pramod Mahanta, co-founder of Solfin, said, “Through this unique partnership, two financial organisations will combine their respective strengths to create and offer more funding opportunities in the solar finance ecosystem. Various entities seeking solar finance will get faster access to funds, innovative products and financing solutions that accelerate their shift to clean energy. Furthermore, the backing of Waaree will strengthen our ability to tap into new segments and accelerate our role in the solar revolution transforming the nation.

This co-lending initiative reflects the shared commitment of both institutions to support India’s renewable energy mission and contribute to the nation’s sustainable growth trajectory.