Under the RERC (Green Energy Open Access) Regulations 2025, Rajasthan has raised the cap on captive solar from 100% to 200% of contract demand. A 4,000 kVA factory can now build 8,000 kW instead of 4,000 kW, but the extra headroom comes with a condition.
In RESCO and OPEX structures the project's own cashflow repays the loan, not the borrower's balance sheet. Add a battery and its performance becomes the credit case, so these deals need a file built on the project's numbers.
Most BESS proposals show the same savings for all ten years, but batteries degrade. If a loan is sized on Year 1 savings repeated for the full tenor, EMI cover in later years may be thinner than the credit note says.
Lender conversations added two questions to our pre-funding checklist: whether the file assumes a power-heavy or energy-heavy battery, and what performance data the lender will see after disbursal.
For co-lending arrangements made from 1 January 2026, RBI's Co-Lending Directions 2025 require partners to commit upfront to every loan. The bank is now evaluating the NBFC's underwriting method, and for batteries that method is often thin.
Ingro Energy welcomed Pawan Raj Kumar for a conversation on entrepreneurship, innovation and the evolving energy landscape, and received a signed copy of his book, 'Giving Up Is Not An Option'.
Most NBFCs empanel solar EPCs on track record, financials and paperwork. Few score what drives repayment: how close past projects came to their projected savings. A six-line, 0-to-2 scorecard puts every EPC on the panel into a clear lane.
More C&I solar proposals now arrive with a battery, yet many lenders only have a method for the solar part. The lender who can assess the battery wins the whole project, the installer's next deal and a C&I book that grows with the market.
In a solar + battery loan, the equipment, warranty and guarantee all sit with someone else, and repayment depends on bill savings the lender never sees. Four questions on claim, warranty, guarantee and insurance close the gap.
Reworking three assumptions in a 1.2 MW solar + 1 MWh battery file cut year-one savings from ₹190 lakh to about ₹165 lakh, EMI coverage from 1.3x to 1.1x, and pushed payback past the 5-year tenor.
Follow us on LinkedIn for the latest updates and announcements.