By Tricitynews Reporter
Chandigarh
28th August:- Freyr Energy, a full service solar
provider, has tied up with Axis Bank to offer term loan facility ranging from
Rs 5 lakhs to Rs. 50 lakhs for up to 5-years tenure to its customers in Punjab
& Haryana. This move will help Freyr Energy’s customers in reducing their
power bills drastically and also, improve affordability significantly. The
loans will be given to MSME’s & self-employed individuals to install their
solar roof tops for industrial & commercial purposes.
Saurabh
Marda, Co- Founder and Managing Director, Freyr Energy said
that we
are extremely pleased to have Axis Bank on-board in helping accelerate the
adoption of rooftop solar power across the country. This loan program will help
MSMEs significantly reduce their electricity bills. Going forward, we will
continue working on innovative financial instruments to improve affordability.
This will help India move closer to achieving the renewable energy target of
40GW of solar rooftop installations, set by the Indian Government.
MSMEs can show their intent to apply
for loan under this arrangement through Freyr’s recently launched revolutionary
‘India first’ mobile application – Freyr SunProTM. Freyr
SunPro eliminated all the complexity involved in system design, pricing,
proposal generation etc. and made it easier to sell a solar system, while
ensuring the customer gets the best product possible.
With Freyr SunproTM, a
solar or electrical background is not needed anymore to start their business.
The training time to use the SunPro is less than 1 hour. The initial investment required to start a rooftop
solar business is zero. MSMEs can easily download the application from Google
Play Store and Apple App Store.
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