Tata Power Renewable Energy Limited (TPREL), a subsidiary of The Tata Power Company Limited, has signed a Memorandum of Understanding (MoU) with UCO Bank, one of India’s leading public sector banks, to accelerate the country’s rooftop solar revolution. This strategic partnership aims to promote widespread adoption of rooftop solar systems and advance India’s transition toward clean and sustainable energy.
Through this collaboration, TPREL and UCO Bank will make rooftop solar solutions more accessible and affordable for households nationwide. The alliance supports the Government of India’s PM Surya Ghar: Muft Bijli Yojana, a flagship initiative focused on driving decentralized renewable energy adoption and empowering Indian families with reliable, cost-effective clean power.
Under this partnership, UCO Bank will extend financial assistance to both salaried and self-employed individuals for installation of rooftop solar systems through the UCO Suryodaya Scheme.
– Customers can avail loans up to ₹ 2 lakh at 6% reducing interest rate for a tenure of up to 10 years with a 10% margin.
– For larger rooftop installations ranging from ₹ 2 lakh to ₹ 6 lakh, financing of up to 80% of the project cost will be provided, with interest rates starting from 7.40% for home loan customers and 8.40% for non-home loan customers.
– Additional benefits such as ZERO processing fees and zero documentation charges further enhance accessibility and affordability for customers opting for clean energy.
As of October 2025, Tata Power Renewable Energy Limited (TPREL) has successfully commissioned over 3 lakh rooftop solar installations, achieving a cumulative capacity exceeding 3.9 GW, a testament to its scale, technical expertise, and leadership in advancing India’s clean energy transition. Under its green financing initiatives, UCO Bank has supported nearly 10,000 rooftop solar installation applications, enabling wider access to sustainable power solutions. In the commercial and industrial (C&I) segment, TPREL serves a diverse portfolio of clients spanning sectors such as hospitality, automotive, aviation, education, HVAC, chemicals, steel, electronics, and textiles, reinforcing its role as a trusted partner in India’s renewable energy ecosystem.
With over 35 years of expertise, TPREL has been at the forefront of the sustainable energy movement. The company offers a maximum range of benefits to its rooftop consumers, including a 25-year warranty on modules, trusted quality assurance, lifetime service and after-sales support across India, easy financing options, and insurance for solar rooftop systems. The company plans to aggressively promote solar rooftop adoption through its extensive network of over 600 channel partners to 5000 channel partners and retailers to cover every nook and corner of the country.
The collaboration underscores TPREL’s efforts to deliver reliable clean energy to more homes across India, while reflecting UCO Bank’s commitment to sustainable, consumer-centric financing solutions.
It further reinforces TPREL’s position as a leader in India’s renewable energy transition, contributing to the nation’s target of achieving 500 GW of renewable energy capacity by 2030.
