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Tata Power Renewable Energy Ltd has partnered with IndusInd Bank to offer financing options to Micro and Small Enterprises (MSEs) for solar installations. This alliance will provide MSEs with collateral-free solar financing, by offering loans ranging from Rs 10 lakh to Rs 2 crore, Tata Power Renewable Energy. These loans, contingent on the bank's credit approval, require a 20 per cent margin and come with competitive interest rates, offering terms of up to 7 years, the company said. Deepesh Nanda, CEO & MD, Tata Power Renewable Energy said, "Through a partnership with IndusInd Bank, we are facilitating easy financing opportunities for MSEs (Micro and Small Enterprises) to adopt solar energy, which will not only help them reduce operational costs but also actively contribute to the green energy transition."

Tata Power Renewable, IndusInd Bank partner to finance solar projects

After the death of Ratan Tata, the Tata Group is committed to take his legacy forward. Following his marks, Tata Power’s subsidiary, Tata Power Renewable Energy Limited (TPREL) has joined hands with IndusInd Bank. The IndusInd Bank has a market cap of Rs 80949 crore. The alliance will focus on Small and Micro Enterprises while offering them finance options to install solar projects.  The Tata Power Renewable Energy said in a statement that the alliance will provide MSEs with collateral-free solar financing, by offering loans ranging from Rs 10 lakh to Rs 2 crore. Deepesh Nanda, CEO & MD, Tata Power Renewable Energy said the partnership will provide finance  opportunities to MSEs to adopt solar energy as it would reduce their cost and it would contribute to the green energy transition.

Days after Ratan Tata’s demise, Noel Tata led Tata Group teams up with Rs 80949 crore bank

Expanding on previous solar projects, India has just switched on its largest floating solar power plant yet. The Omkareshwar Floating Solar Project has a capacity of 126 megawatts. Tata Power Renewable Energy is the company behind the ambitious project, which is in Madhya Pradesh in central India. It will produce roughly 204,580 MWh of power per year using 213,460 solar modules and India's largest inverter floating platform at 260 acresA floating solar power plant has many advantages. First of all, it's generating tons of power without creating toxic, heat-trapping air pollution like many traditional power plants do. That makes it healthier for India's citizens and for Earth. Second, solar energy is highly cost-effective, so residents may experience lower power bills as a result of the project.

India unveils record-breaking floating energy plant: 'The commissioning ... marks a significant milestone'

The 4.9 GW renewable expansion exposes the company to execution, land, transmission, and cost risks, while debt-funded capex will increase leverage.



The company remains exposed to high counterparty credit risks, given the long-term PPAs with state discoms that have weak-to-moderate financial profiles.. This is partly offset by the diversified customer mix, with the presence of creditworthy off takers for the balance portfolio.



The company's profitability is sensitive to interest rate changes due to high debt and fixed tariffs. Future returns hinge on achieving design PLF and low-cost funding, with major repayments ahead, partly dependent on refinancing.


The issuer has made timely interest payments.

Sanjay Banga, CEO and MD

TPREL, a subsidiary of TPCL, benefits from TPCL’s strong power sector presence. TPCL’s credit profile is supported by its scale, improved performance, and focus on renewable growth.



The company has long-term PPAs for the majority of its portfolio at fixed tariff rates. The weighted average balance PPA tenure for the portfolio is ~19 years, providing strong visibility on revenues and cash flows and thereby limiting the demand and tariff risks. 



The portfolio has a satisfactory track record, with ~60% operating for over three years. Generation performance improved in FY2024 over FY2023, reflected in higher PLFs for wind and solar projects.


Security Name: 7.93% Tata Power Renewable Energy Limited 26 Jun 2034

ISIN:

INE607M08089

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Tata Power Renewable, IndusInd Bank partner to finance solar projects

Days after Ratan Tata’s demise, Noel Tata led Tata Group teams up with Rs 80949 crore bank

India unveils record-breaking floating energy plant: 'The commissioning ... marks a significant milestone'

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