EPC Player Vareyn, Credit Fair in Partnership To Take Solar to More Customers

Jaipur based Vareyn Solar Pvt. Ltd., which has been innovating  especially with its solar projects in the hospitality segment in the state and beyond, has now launched a consumer-lending fintech start-up in association with Credit Fair.

This partnership is aimed at pushing the adoption of solar energy to a broader category of prospects, while harnessing the strengths of both companies. Vareyn has seen some early success with its Capital+X model, where it offers to arrange financing  as a package of benefits including O&M and more to clients in the commercial sector.

Now, by offering accessible loans through Credit Fair, the firm will be targeting the home/residential segment as well. to transition to solar energy .

“Both Vareyn Solar and Credit Fair are dedicated to the cause of making solar energy accessible to all. This collaboration is a testament to our shared vision and the belief that together, we can drive positive change for our environment and the global community”, shared Ishan Chaturvedi, Co-Founder, Vareyn Solar Pvt Ltd.

“I am pleased to announce a strategic partnership with Vareyn Solar, which is focused on accelerating the adoption of solar energy in India. Credit Fair’s mission is to facilitate faster adoption of clean energy practices by individuals and industries irrespective of their financial health. We firmly believe in promoting green energy solutions by offering them credit support. Leveraging the expertise of Vareyn Solar, we aim to make renewable energy sources accessible and affordable to a wide range of people and contribute to a sustainable future. With Vareyn Solar, we are committed to bring a quality change in industry, economy, and environment, which is profitable and enduring”, shared Aditya Damani, Founder of Credit Fair.

For EPC players in India, expect more such partnerships, driven by the possibilities of expanding the market for solar, and in the future, the solar plus storage market as well. As institutions also develop a better understanding of the risks and mitigation measures for solar lending, the sector is expecting financing to power the next phase of growth in the rooftop segment as well.