Waaree Energies and Ecofy collabs to accelerate solarisation in India

Waaree Energies Ltd. and Ecofy have formed a strategic cooperation to increase solar adoption among homes and MSMEs, accelerating India’s transition to renewable energy. Ecofy’s investment of ₹100 crore in the collaboration marks a significant advancement in green financing in the country.

Waaree and Ecofy are well-positioned to make a concrete effect, as they align with the government’s ambitious PM Surya Ghar Yojana 2024, which advocates for rooftop solarisation. The cooperation, which will leverage Waaree’s considerable solar technological experience and Ecofy’s unique digital finance solutions, intends to ease the installation of solar panels on over 10,000 rooftops, ushering in a new era of renewable energy accessibility and affordability.

Kailash Rathi, Head of Partnerships & Co-Lending at Ecofy, underlined the importance of this collaboration in increasing solar adoption. He emphasised Ecofy’s track record of empowering rooftop solar clients as well as the potential for their collaboration to drive greater societal adoption of solar energy.

Pankaj Vassal, President of Sales at Waaree Energies, echoed this view, expressing his enthusiasm for democratising solar power availability. By combining solar solutions with Ecofy’s finance platform, they hope to tear down obstacles and speed the uptake of renewable energy, resulting in a greener, more ecologically conscious India.

This alliance is significant for more than just business reasons. It demonstrates a common commitment to India’s energy independence ambitions, as well as a collaborative effort to usher in a more sustainable and cost-effective lifestyle for both individuals and companies.

As India prepares for the peak solar season, the collaboration between Waaree Energies and Ecofy demonstrates the transformative power of strategic partnerships to drive positive change. With innovation, investment, and a shared goal for a brighter future, they are laying the groundwork for India’s solar revolution.

For more information, visit: https://www.waaree.com/

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