Panasonic Life Solutions India has announced a new partnership with State Bank of India (SBI) to provide financing to Panasonic’s solar customers.
The collaboration between Panasonic and SBI will provide attractive financing options to customers interested in solar energy and help in smoother adoption. This initiative is designed to break down financial barriers, making the transition to sustainable energy more feasible and appealing.
This strategic alliance aims to support the Indian government’s ambitious goal of achieving 500GW of renewable energy capacity by 2030 by making solar energy solutions more accessible to individuals and businesses.
The company is targeting specific regions with high solar energy potential to increase market penetration and higher adoption. By offering tailored financing solutions, they aim to encourage a broader adoption of solar energy across the country. This partnership is in line with Panasonic’s commitment to promoting sustainable energy solutions, contributing to environmental health, and reducing CO2 emissions.
This partnership between Panasonic and SBI marks a significant step towards achieving India’s renewable energy goals. By making solar energy more accessible, both organizations are contributing to a more sustainable and environmentally friendly future.
A viable option
Amit Barve, Business Unit Head, Solar Business Unit (PEWIN), Panasonic Life Solutions India, expressed his enthusiasm about the partnership: “We are thrilled to partner with SBI to offer our customers innovative financing solutions for solar energy adoption. This collaboration will enable more people to harness the power of solar energy, contributing to a greener and more sustainable future. Together, we aim to make solar energy a viable and attractive option for all and contribute to global cause of Co2 mitigation.”
Partnership with Aerem
It may be recalled that earlier this month, Panasonic Life Solutions announced an MoU with Aerem Solutions for facilitating finance to customers of Panasonic’s solar products. (Read more)
Also read: Panasonic Partners With Aerem For Solar Products Financing
