Waaree Energies Limited (Waaree), India’slargest manufacturer of solar PV modules with the largest aggregate installedcapacity of 12 GW (as of June 30, 2023 (Source: CRISIL Report)), hasestablished a collaboration with Ecofy, an NBFC backed by Eversource Capital,committed to providing green finance for climate-positive initiatives. Ecofy iscommitting INR100-crores into the partnership with Waaree Energies Ltd.

Pankaj Vassal, President of Sales at WaareeEnergies Ltd. Said, “By synergizing Waaree Energies Limited’s solar expertisewith Ecofy’s digital financing solutions, through the initiative we aim to acceleratethe solarisation of over 10,000 rooftops across households and MSMEs, asenvisioned in the PM Surya Ghar Yojana 2024. Through this partnership, we intendto make clean energy more accessible and affordable for homeowners, aiding inachieving the nationwide objective of solarizing households and MSME’s.”

Kailash Rathi, Head of Partnerships andCo-Lending at Ecofy, added, “Over the past 15 months, Ecofy has empowered over5,000 rooftop solar customers. We have invested heavily in this segmentenabling penetration through product innovation and instant approvals. As thecountry prepares for the peak solar season, the collaboration between Ecofy andWaaree is expected to act as a catalyst, and aid in accelerating solar adoptionand penetration across diverse segments of society.”

(L to R): Megha Doshi, Lead – Co Lending andAlliances, Ecofy; Swapnil Wakade, Business Head – Residential Rooftop Solar,Ecofy; Kailash Rathi, Head – Partnerships and Co-lending, Ecofy; Pankaj Vassal,President of Sales, Waaree Energies Limited; Shivkumar Shrivastav, NationalHead – Retail Sales, Waaree Energies Limited; and, Jayraj Bhagat, Head ofBusiness Operations, Waaree Energies Limited.