Mumbai: In a significant move to promote solar energy adoption across India, Jakson Engineers Limited here recently signed an MOU with the State Bank of India.

This collaboration, which is part of the “Surya Shakti Solar Finance” initiative, aims to empower a broad range of consumers across commercial, industrial and institutional sectors to embrace solar energy solutions.

This partnership, while reflecting a strategic alliance shaped by a shared dedication to sustainability and reducing energy costs, also brings together SBI’s extensive banking experience and Jakson’s innovative solar technology expertise.

Noting that this initiative marked a pivotal step in providing consumers with financial backing needed for adopting solar energy, Anurag Garg, Chief Executive Officer, Jakson Solar, said that through accessible financing solutions, the company sought to make solar energy affordable for all segments while also contributing to a greener and more sustainable India.

The Surya Shakti Solar Finance initiative is expected to provide financial support to a wide range of customers adopting solar solutions, including SBI offering loans upto Rs 10 crore for commercial and industrial users.

This dynamic partnership seeks to expedite the development of rooftop solar projects, while also supporting the Prime Minister’s ambitious goal of achieving 100 GW of rooftop solar capacity by 2030.

Jakson’s prowess encompasses Distributed Energy, Solar Power, Eco-friendly Energy sources, Alternative fuels, and high-tech energy storage systems as well as Renewable, Civil and Infrastructure EPC services.