Panasonic Life Solutions India Private Limited (PLSIND), a prominent participant in the distributed solar energy sector, is thrilled to announce a new partnership with the State Bank of India (SBI), one of India’s most renowned financial institutions.
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.
Panasonic and SBI’s partnership will facilitate the adoption of solar energy by offering customers appealing financing options. The objective of this initiative is to eliminate financial obstacles, thereby increasing the feasibility and appeal of the transition to sustainable energy.
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The company is concentrating on specific regions with a high potential for solar energy in order to increase market penetration and adoption. Their objective is to promote the widespread implementation of solar energy throughout the nation by providing customized financing solutions. Panasonic is committed to the promotion of sustainable energy solutions, the improvement of environmental health, and the reduction of CO2 emissions. This partnership is consistent with this commitment.
This partnership between SBI and Panasonic represents a substantial stride towards the realization of India’s renewable energy objectives. Both organizations are making a significant contribution to a more sustainable and environmentally benign future by increasing the accessibility of solar energy.
Amit Barve, Business Unit Head, Solar Business Unit (PEWIN), Panasonic Life Solutions India, said: “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.”
About Panasonic
Founded in 1918 by Kōnosuke Matsushita, Panasonic a global leader in developing innovative technologies and solutions for wide-ranging applications in the consumer electronics, housing, automotive, industry, communications, and energy sectors worldwide.
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