WAAREE, India’s largest solar panel manufacturer, has signed an agreement with State Bank of India (SBI) to avail unsecured financing for solar projects through the Surya Shakti Solar Finance Scheme and provide working capital to its channel partners under the Electronic Reseller Financing Program.

WAAREE, India’s largest solar panel manufacturer, has signed an agreement with State Bank of India (SBI) to avail unsecured financing for solar projects through the Surya Shakti Solar Finance Scheme and provide working capital to its channel partners under the Electronic Reseller Financing Program.

WAAREE intends to leverage more than INR 500 crore line of credit through Surya Shakti Solar Finance Scheme and provide a digital platform for a hassle-free journey to loan seekers for solar project finance.

WAAREE enjoys the largest footprint across India through its channel partner network, which caters to customer base in the farthest corner of the country. This unsecured financing facility will be widely used by commercial institutions, industries, resorts, hotels, manufacturing units and warehouses to adopt solar energy as a new energy source. Thereby boosting solar penetration across India, contributing to our country’s energy security and accelerating the decarbonization of energy. The entire ecosystem has been put in place to ensure that customers receive all the support and advice needed to choose the right equipment, solve technical problems at their doorstep and speed up loan approvals.

WAAREE has always been leading change in the industry with a host of innovative products and high power solar panels, which is what we need today. WAAREE stands out by becoming the only manufacturer in India to get a 650 Wp solar panel listed in the ALMM.

WAAREE’s state-of-the-art panel manufacturing facilities are equipped to manufacture panels over 540 Wp, meeting the demand for quality, high-efficiency solar panels. WAAREE has also been recognized as “India’s Best Brand”, in the renewable energy industry by The Economic Times. PVEL, a globally recognized laboratory in the field of photovoltaic testing, has ranked WAAREE among the best performers in its 2022 scorecard which is published to highlight the performance of global manufacturers.