Solfin, a tech-first renewables focused platform with its own NBFC transforming access to green energy finance, has announced the successful disbursement of over INR 100 crore in solar loans within just nine months of operations. This milestone follows a strategic INR 100 crore investment from Waaree Sustainable Finance Pvt. Ltd., part of Waaree Group.
India’s Solar Financing Boom: A Market Ripe for Innovation
India’s solar sector is undergoing a rapid transformation, driven by ambitious government targets and robust policy support. The country’s cumulative installed solar capacity reached 97.9 GW in 2024, with 24.5 GW added in a single year, more than doubling the previous year’s growth. There is a strong demand for agile, tech-enabled financing solutions—a gap Solfin is uniquely positioned to fill.
Solfin’s Differentiated Model: Speed, Scale, and Sector Focus
Solfin’s digital lending platform, accessible at www.solfin.co.in, streamlines the financing process by offering online approvals, faster disbursements, and tailored loan products designed for residential rooftop installations, housing societies, and commercial & industrial (C&I) projects. Having already financed across multiple segments like Supply Chain, C&I and Residential Rooftop, Solfin is enabling a broader adoption of clean energy solutions while contributing to the development of a more climate-resilient future.
"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.
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.
Source : Press Release
