Panasonic partners with SBI to present Smart Funding options for Solar projects

By Team Startupcity  |  Tuesday, 25 June 2024, 11:29 IST

Panasonic partners with SBI to present Smart Funding options for Solar projects
A new strategic partnership with the State Bank of India - SBI, one of India’s most renowned financial institutions, has been announced with excitement by Panasonic Life Solutions India Private Limited – PLSIND, a leading player in the distributed solar energy industry. 
This essential collaboration expects to help the Indian government’s aggressive objective of accomplishing 500GW of sustainable power limit by the year 2030 by making solar energy-oriented projects and developments more available to people and organizations. 
Customers who are interested in solar energy will be able to benefit from attractive financing options and a smoother adoption process as a result of the partnership between Panasonic and SBI. 
The goal of this initiative is to remove financial obstacles, making it easier and more appealing to switch to sustainable energy. To increase market penetration and adoption, the company is focusing on specific regions with high solar energy potential. 
By offering customised funding arrangements and facilitations, this significant partnership projects to energize a more extensive reception of solar energy over the nation. Panasonic’s commitment to sustainable energy solutions, environmental health, and CO2 emissions reductions is reflected in this partnership.
Expressing to this amazing partnership, Amit Barve, Business Unit Head, Solar Business Unit (PEWIN), Panasonic Life Solutions India states, “We are thrilled to partner with SBI to offer our customers innovative financing solutions for solar energy adoption. This collaboration will enable more people to harness the power of solar energy, contributing to a greener and more sustainable future. Together, we aim to make solar energy a viable and attractive option for all and contribute to global cause of CO2 mitigation.”
 

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