Aerem Solutions and OMC Power have entered into a strategic partnership to offer Rs 2 billion in financing for rooftop solar installations targeted at Micro, Small and Medium Enterprises (MSMEs) in Uttar Pradesh.

As part of the collaboration, Aerem will provide credit facilities to OMC Power’s customers through its non-banking financial company (NBFC). The initiative aims to increase solar energy adoption among MSMEs by enhancing access to affordable financing.

The venture brings together Aerem’s expertise in climate-focused lending and OMC Power’s strong operational presence in rural and underserved areas. By overcoming financial barriers, the two companies intend to speed up the rollout of distributed solar systems to small businesses.

Vikesh Agrawal, co-founder and chief operating officer of Aerem, emphasized the importance of MSMEs in achieving India’s Net Zero objectives. He noted that the Rs 2 billion partnership marked a significant move toward integrating sustainability into the company’s financing approach.

Rohit Chandra, managing director and CEO of OMC Power, remarked that the collaboration would support MSMEs in transitioning to clean energy, cutting operational costs, and enhancing competitiveness. He added that the initiative was likely to increase the adoption of distributed solar solutions at the grassroots level.

News source: Saur Energy