Panasonic Life Solutions India Private Limited (PLSIND), a player in the distributed solar energy sector, has announce a new partnership with the State Bank of India (SBI).

The collaboration between Panasonic and SBI will provide finance options to customers and help in smooth adoption. This initiative is designed to break down financial barriers, making the transition to sustainable energy more feasible and appealing.

This strategic alliance aims to support the Indian government’s ambitious goal of achieving 500 GW of renewable energy capacity by 2030 by making solar energy solutions more accessible to individuals and businesses.

The company is targeting specific regions with high solar energy potential to increase market penetration and higher adoption.

Amit Barve, Business Unit Head, Solar Business Unit (PEWIN), Panasonic Life Solutions India, said, “This collaboration will enable contribute to a greener and more sustainable future. Together, we aim to make it a viable and attractive option for all and contribute to global cause of CO2 mitigation.”