Aerem and OMC Plan Rs 2 Bn Solar Financing for MSMEs in UP
POWER & RENEWABLE ENERGY

Aerem and OMC Plan Rs 2 Bn Solar Financing for MSMEs in UP

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

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

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?