The Live Nagpur
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary

The Live Nagpur

  • Home
  • City
  • Politics
  • Business
  • Education
  • Entertainment
  • Sports
  • Health
  • Crime
  • Forest
  • Featured
  • Vidarbha
Nation

Ecofy – India’s Green-only NBFC teams up with Mahindra Solarize to offer collateral-free solar rooftop loans to accelerate green adoption in India

by TLN Team March 18, 2023March 18, 2023
written by TLN Team March 18, 2023March 18, 2023
Ecofy – India’s Green-only NBFC teams up with Mahindra Solarize to offer collateral-free solar rooftop loans to accelerate green adoption in India

Ecofy, an NBFC backed by Eversource Capital that provides green finance for climate-positive segments, announces its partnership with Mahindra Solarize, a provider of technologically superior and creative solutions in the renewable energy sector. This collaboration for rooftop solar financing and installation in the retail segment will give Ecofy access to over 50 dealers in the states of Maharashtra, Madhya Pradesh, Gujarat, and Rajasthan, expanding its potential customer base by more than 5000 customers.

Today Mahindra Solarize strives to protect and preserve the environment through the use of green and clean technology while also supplying the best in quality solar products to proactive renewable energy seekers.

Commenting on the partnership, Rajashree Nambiar, Co-Founder, and CEO of Ecofy said, “The market for solar rooftops has a lot of potential, and the government is encouraging people to adopt sustainable energy at their homes and businesses. We are happy to collaborate with Mahindra Solarize and we strongly believe that our shared commitment, along with their sector expertise and cutting-edge technologies, will help us reach every Indian household. This partnership aims to install 500 solar rooftops with a credit line of 50 crores.”

Rakesh Singh, CEO and Executive Director of Mahindra Solarize, said, “We are excited to partner with Ecofy as it allows us to offer our solutions to customers along with access to affordable financing. The solar rooftop market holds huge growth potential, and one can expect a total capacity addition of 18.8 GW in the next five years at an average growth rate of 40% (Bridge to India Report). The Solar rooftop installation should lower monthly electricity costs by about 70% for homes and businesses. Together, we can help more people affordably transition to renewable energy and become energy independent.”

0 comment
FacebookTwitterLinkedin
TLN Team

previous post
Mortein launches scientifically proven Mortein Smart+ for powerful protection
next post
Unseasonal rains and hailstorms kill five people in Maharashtra, and the IMD predicts heavy rains in Gujarat and Bihar

You may also like

Government raises interest rates on modest savings programs,...

April 1, 2023

Drunk Swedish Man arrested for Molesting an Air...

April 1, 2023

At the IPL 2023 inaugural ceremony, Arijit Singh...

April 1, 2023

India has recorded 3,016 new Covid-19 cases, the...

March 30, 2023

The government waives import duties on drugs used...

March 30, 2023

Customers won’t be charged for UPI transactions: NPCI

March 30, 2023

Anushka Sharma is the ‘first owner of copyrights’...

March 29, 2023

General Manager Railway Flagged off 300th WAG12B Electric...

March 29, 2023

The number of new Covid-19 cases in India...

March 29, 2023

Teak wood from Alapalli forest for Shri Ram...

March 29, 2023

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Trending News

  • Donald Trump indicted, first US president to face charges

    March 31, 2023
  • What is blue Aadhaar card? check details below

    March 30, 2023
  • SBI credit card fees and charges in 2023, details below

    March 30, 2023
  • Good Friday’s Traditional Food Practises

    March 29, 2023
  • Five planets set to align in rare Celestial Event on March 28

    March 28, 2023

Important Links

  • Politics
  • Crime
  • Business
  • Education
  • Entertainment
  • Sports

Available on Playstore & Coming Soon on Appstore

Search

March 2023
M T W T F S S
« Feb   Apr »
 12345
6789101112
13141516171819
20212223242526
2728293031  

Sign-Up Form

Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Footer Logo
  • Nagpur City
  • Nagpur Education
  • Nagpur Sports
  • Business
  • Featured
  • Crime
  • Entertainment & Lifestyle
  • Health & Wellness
  • Nation
  • Politics
  • Trending
  • Vidarbha
  • Obituary
  • Privacy Policy
  • Cookie Policy
  • Terms Of Use
  • Advertise with Us

© 2020 - The Live Nagpur . All Rights Reserved.