In just nine months of operation, Solfin said that more than INR 100 crore in solar loans had been successfully disbursed. This milestone comes after Waaree Sustainable Finance Pvt. Ltd., a division of the Waaree Group, made a strategic investment of INR 100 crore.
India’s Solar Financing Boom: A Market Ripe for Innovation
India’s solar industry is changing quickly because of strong regulatory backing and aggressive government goals.
With 24.5 GW added in a single year, the nation’s total installed solar capacity more than doubled from the previous year, reaching 97.9 GW in 2024.
Agile, tech-enabled solar financing solutions are in high demand; Solfin is well-positioned to meet this need.
Solfin’s Differentiated Model: Speed, Scale, and Sector Focus
By providing online approvals, quicker payments, and customized loan solutions for residential rooftop installations, housing societies, and commercial & industrial (C&I) projects, Solfin’s digital lending platform, which can be accessed Here, simplifies the financing process.
Solfin, which has previously provided funding in a number of sectors, including Supply Chain, C&I, and Residential Rooftop, is facilitating the wider use of clean energy solutions and advancing the creation of a future that is more climate resilient.Â
Investor Outlook: Scaling with Purpose
Solfin is in early conversations with select venture and institutional partners aligned with its long-term vision in climate tech, fintech, and sustainable infrastructure.
The capital raised will be strategically deployed to expand the company’s presence into new geographies, introduce innovative green financing products, enhance its digital capabilities, and explore adjacent sectors such as electric vehicles (EVs) and Battery Energy Storage Systems (BESS).
India’s solar energy sector is reaching a pivotal moment, with financing emerging as the key driver for accelerated growth.
Solfin’s swift deployment of INR 100 crore within a year reinforces this belief—proving that the path to mass solar adoption depends on efficient, digital-first financing solutions.
As the nation advances toward its goal of 500 GW of non-fossil fuel capacity by 2030, Solfin is strategically placed to lead the green energy financing landscape.
Leadership Comments
“Achieving INR 100 crore in disbursements in such a short time is a testament to the market’s growing demand for reliable solar financing and the trust our clients place in us. Our partnership with Waaree has provided both capital and strategic alignment to scale our mission of democratizing access to clean energy financing in India.”, said Gautam Kaushik, Co-founder of Solfin.
