Brihaspathi Technologies also offers custom solar solutions to banks with focus on safety and security of the bank, its transactions and customers’ interests. Our solar products and technology includes creation of the power grid, use of latest PV modules and solar inverters, junction box, battery, and the AC Distribution Box.
Power shortage is a common issue for banks located in the rural areas. Our solar power project support for banks on all solar projects includes, assessment of the power requirement of the bank establishment, calculation of the power expenses incurred by banks over one year, notify to the banks on the benefits they gain by availing solar products and solutions.
With India setting an ambitious target of generating 20,000 MW of solar power by 2022, the inordinate role of banks, public and private, in the development and generation of solar power plants has been emphasized.
Brihaspathi Technologies also helps in bridging people interested in solar power generation and distribution with the lending banks that specialize in funding solar power projects. We are in tie-up with two major banks in India, State Bank of India, and ICICI Bank.
The project finance for solar power plants has always been an issue in India. Genuine apprehensions have been expressed about issuing loans for solar projects. This is due to two reasons: the technology may not perform as expected, and that developers may not get paid by financially troubled State Electricity Boards (SEBs) and power distributors.