Mufin Green Finance Targets ₹500 Crore To Fund Solar Projects

Mufin Green Finance Targets ₹500 Crore To Fund Solar Projects

Mufin Green Finance, a climate finance solutions provider announced its entry into the solar financing sector. The firm said that it recently undertook the successful closure of its first solar financing transaction. The transaction amounted to ₹3.25 crore.

This move marks the company’s expansion beyond electric vehicle (EV) financing. With the rise of need and awareness on solar, the firm has planned to expand its reach in solar financing. The firm said that the latest funding empowered a key client to install a rooftop solar unit at a manufacturing facility in Baroda, Gujarat, for a major $3 billion company.

As part of its plan, Mufin Green Finance aims to fund ₹500 crore worth of solar projects and finance 2 lakh solar installations by 2026, to boost financing for small solar projects.

Reduced approval times

The company said that its new solar financing solutions come with no collateral requirements, reducing loan approval times to under 10 minutes and ensuring disbursals within 24 to 48 hours.

“Loan amounts ranging from ₹1 lakh to ₹10 crore are available, covering the entire cost of solar systems, including panels, inverters, batteries, and installation. This financing program supports both residential and commercial solar projects, contributing to India’s growing demand for clean, sustainable energy solutions,” the company said in a statement.

Expanding solar finance

Speaking on the expansion, Kapil Garg, MD & CEO, Mufin Green Finance, said, “This transaction marks an important step in expanding solar financing options for stakeholders through solutions like supply chain financing, working capital for installers, and lease financing for end-users. Our focus on assessing assets, stakeholders, and cash flows allows us to streamline the financing process and make solar energy more accessible across India.”

“This project is one of several in our pipeline, with similar initiatives planned in Jaipur, Nagpur, and other locations. As we grow our loan book, Mufin Green Finance aims to fund over ₹500 crore worth of solar projects in the next two years, further contributing to India’s renewable energy targets and supporting the clean energy transition,” he added.