Waaree Energies Limited and Ecofy Empower partner to provide Indian homeowners affordable Rooftop Solar Solutions and hassle-free Financing

Waaree Energies, India’s largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30, 2023 (Source: CRISIL Report), has collaborated with Ecofy, an NBFC backed by Eversource Capital, committed to providing green finance for climate-positive initiatives. Ecofy is committing Rs 100 crores into the partnership, showcasing confidence in Waaree’s capabilities and the renewable energy sector’s growth potential.

By synergizing Waaree Energies Limited’s solar expertise with Ecofy’s digital financing solutions, the aim is to accelerate the solarisation of over 10,000 rooftops across households and MSMEs, as envisioned in the PM Surya Ghar Yojana 2024. Through this partnership, clean energy will become more accessible and affordable for homeowners and MSME’s.

Kailash Rathi, Head of Partnerships & Co-Lending at Ecofy, said, “Over the past 15 months, Ecofy has empowered over 5000 rooftop solar customers. We have invested heavily in this segment enabling penetration through product innovation and instant approvals. As the country prepares for the peak solar season, the collaboration between Ecofy and Waaree is expected to accelerate solar adoption and penetration across diverse segments of society.”

Pankaj Vassal, President- Sales at Waaree Energies, stated, “Our partnership with Ecofy represents progress towards democratizing solar power accessibility. By integrating our solar solutions with Ecofy’s financing platform, we are working towards removing barriers and aiding in accelerating the adoption of solar power across households and businesses. Ultimately, this is expected to empower more people to embrace the benefits of clean energy while collectively building a greener, more environmentally-conscious India.”