Aerem, OMC Power unlock Rs 2 Billion for solar rooftop funding
08 May 2025
2 Min Read
CW Team
Aerem Solutions and OMC Power have joined hands in a strategic partnership to facilitate Rs 2 billion in financing for rooftop solar solutions aimed at MSMEs in Uttar Pradesh. The collaboration seeks to promote clean energy access and affordability, helping MSMEs adopt solar power through device financing.
Under this agreement, Aerem, via its NBFC arm, will extend credit support to customers of OMC Power. The financing will empower MSMEs to install energy-efficient rooftop solar systems with ease, furthering India's low-carbon goals and enabling sustainable business growth in underserved regions.
鈥淭his Rs 2 billion credit partnership is a key step in catalysing India鈥檚 journey to a greener and low-carbon economy,鈥� said Vikesh Agrawal, Co-founder and COO, Aerem Solutions. 鈥淢SMEs are central to India鈥檚 Net Zero ambitions, and by empowering them with easy access to solar financing, we are integrating sustainability into the core of our financing strategy.鈥�
Rohit Chandra, Managing Director and CEO, OMC Power, added, 鈥淭his partnership marks a major milestone in enabling MSMEs to embrace clean energy. Our collaboration with Aerem brings together complementary strengths to create real impact at the grassroots level.鈥�
By combining Aerem鈥檚 climate-focused lending capabilities with OMC鈥檚 deep energy expertise, the initiative aims to eliminate financial hurdles and expand the reach of distributed solar across India鈥檚 MSME sector.
Aerem Solutions and OMC Power have joined hands in a strategic partnership to facilitate Rs 2 billion in financing for rooftop solar solutions aimed at MSMEs in Uttar Pradesh. The collaboration seeks to promote clean energy access and affordability, helping MSMEs adopt solar power through device financing.Under this agreement, Aerem, via its NBFC arm, will extend credit support to customers of OMC Power. The financing will empower MSMEs to install energy-efficient rooftop solar systems with ease, furthering India's low-carbon goals and enabling sustainable business growth in underserved regions.鈥淭his Rs 2 billion credit partnership is a key step in catalysing India鈥檚 journey to a greener and low-carbon economy,鈥� said Vikesh Agrawal, Co-founder and COO, Aerem Solutions. 鈥淢SMEs are central to India鈥檚 Net Zero ambitions, and by empowering them with easy access to solar financing, we are integrating sustainability into the core of our financing strategy.鈥漅ohit Chandra, Managing Director and CEO, OMC Power, added, 鈥淭his partnership marks a major milestone in enabling MSMEs to embrace clean energy. Our collaboration with Aerem brings together complementary strengths to create real impact at the grassroots level.鈥滲y combining Aerem鈥檚 climate-focused lending capabilities with OMC鈥檚 deep energy expertise, the initiative aims to eliminate financial hurdles and expand the reach of distributed solar across India鈥檚 MSME sector.
Next Story
HCL-Foxconn to invest Rs 37 billion in chip plant near Jewar airport
The Union Cabinet has approved the establishment of a new semiconductor unit near Jewar airport in Uttar Pradesh under the India Semiconductor Mission. This sixth plant, a joint venture between HCL and Foxconn, marks further progress in India鈥檚 semiconductor journey. The project will see an investment of Rs 37 billion.The facility will produce display driver chips for mobile phones, laptops, automobiles, PCs, and other digital devices. It is designed for a monthly capacity of 20,000 wafers and an output of 36 million units.Five semiconductor units are already in advanced stages of constructi..
Next Story
Brigade acquires Velachery land for Rs 16-billion project
Brigade Enterprises has acquired a 5.41-acre land parcel on Velachery Road, Chennai, through an outright purchase for Rs 4.417 billion. Located next to Phoenix Market City, the site will be developed into a premium residential project with a gross development value of approximately Rs 16 billion and a development potential of 0.8 million square feet.The project offers strategic access to both the OMR IT Corridor and Chennai鈥檚 Central Business District, promising strong connectivity and premium lifestyle offerings. Brigade plans to create signature residences focused on aesthetics, functional..
Next Story
Liebherr marks 10,000th XPower wheel loader milestone
Liebherr-Werk Bischofshofen has rolled out its 10,000th XPower wheel loader, marking a major production milestone. The anniversary L 580 XPower model, featuring a power-split travel drive developed with ZF Friedrichshafen AG, was handed over to the BERGER Group in Passau.鈥淭he transmission from our partner ZF is a key component of the drivetrain in our XPower wheel loaders,鈥� said Gerhard Pirnbacher, Head of Quality Management at Liebherr. 鈥淲ith an impressive total of around 64 million operating hours already clocked up by XPower models, this transmission has proven its exceptional robustn..
