Waaree Energies, India's largest manufacturer of solar PV modules with the largest aggregate installed capacity of 12 GW, as of June 30, 2023 has established a collaboration with Ecofy, an NBFC backed by Eversource Capital, which provides green finance for climate-positive initiatives. Ecofy has committed Rs 100 crore into the partnership, led by Waaree's capabilities and the renewable energy sector's growth potential.

By synergising Waaree Energies's solar expertise with Ecofy's digital financing solutions, the initiative it aims to accelerate the solarisation of over 10,000 rooftops across households and MSMEs, as envisioned in the PM Surya Ghar Yojana 2024.  

Through this partnership, it intends to make clean energy more accessible and affordable for homeowners, which aids in achieving the objective of solarising households and MSME’s. The collaboration with Waaree signifies a milestone towards solar adoption, and over the past 15 months, Ecofy has empowered over 5,000 rooftop solar customers. It has invested in this segment, enabling penetration through product innovation and instant approvals. 

Waaree Energies and Ecofy expect to play a significant role in achieving India's energy independence objectives, while assisting households in embracing a greener, more cost-effective way of living. Positioned as India’s green-only financier, Ecofy leads in rooftop solar financing space.

Ecofy’s vision is to facilitate the transition towards a net zero-carbon world. It partners with individuals and small businesses, and offers loans for electric vehicles (two & three-wheelers), rooftop solar, and small-medium enterprises providing E2E digital experience.