Waaree offers easy finance scheme for PV projects

Jul 5, 2012 - Anne Zimmermann - pv-tech.org

The easy finance scheme can be used as bridge finance as well as long-term finance. Image: Waaree

Waaree has launched a new easy finance scheme, the company has announced. The scheme is aimed at both bridge finance as well as long-term finance of solar projects and will be offered to companies already under PPAs. With this new finance scheme, Waaree can provide financial support for companies investing in PV in India and for the Jawaharlal Nehru National Solar Mission (JNNSM).

"Waaree's mission is to make renewable energy affordable and accessible to all. The launch of Waaree's new scheme - bridge/long term finance - has laid the foundation for a bright future. Our effort to provide EPC projects with this commercial instrument has given a big impetus to developers under the National Solar Mission. This exceptional way of financing emerged at appropriate hours for assisting the stakeholders of JNNSM," said Hitesh Doshi, CMD of the Waaree Group.