Standard Capital Markets Limited has unveiled a bold initiative aimed at accelerating the adoption of renewable energy solutions across India. The financial services company, known for its focus on sustainable financing, has launched a new green energy funding programme that offers zero-cost EMI schemes for educational institutions and residential societies, making the shift to renewable energy more accessible.

As part of this ambitious move, Standard Capital is providing critical funding for clean energy projects such as solar panel installations, with a focus on schools and residential complexes. This expansion comes as India pushes toward its target of 500 GW renewable energy capacity by 2030, which aligns with the nation’s broader energy transformation goals.

The key highlight of this initiative is the zero-cost EMI financing. The programme offers an interest-free repayment scheme, easing the financial burden on institutions. By making renewable energy adoption more affordable, Standard Capital aims to enable mass adoption of green technologies across educational and residential sectors.

Zero-cost EMI for schools and residential societies

The newly launched scheme focuses on making clean energy available at zero interest, empowering communities to adopt sustainable practices without the typical financial strain. Each project under this initiative is valued at ₹50 lakh, ensuring significant resources are dedicated to large-scale solar installations. Standard Capital’s Managing Director, Ram Gopal Jindal, emphasised the company’s commitment to playing a pivotal role in driving India’s renewable energy efforts. Gaurav Jindal, Managing Director of Quicktouch, which collaborates on solar installations, explained that the project would help companies align with national goals by reducing their carbon footprints.

As of 2023, India had already achieved 68 GW of installed solar capacity, marking substantial progress in its renewable energy journey. With this initiative, Standard Capital intends to build upon this momentum, supporting the nation’s broader aim of creating a sustainable energy landscape.

Entry into electric vehicle mobility sector

In addition to its renewable energy focus, Standard Capital is also targeting the electric vehicle (EV) market. By extending financial support to companies involved in EV production and deployment, Standard Capital is contributing to India’s goal of achieving 30% EV penetration by 2030. The EV sector is projected to reduce the country’s transportation emissions, which account for 14% of total carbon output.

India’s EV market is estimated to reach $150 billion by 2030, making it a key component of the nation’s clean energy strategy. Standard Capital’s support for this sector will be vital in accelerating the country’s transition to greener, more energy-efficient transportation solutions.

Expert insights: Building momentum towards a greener economy

Standard Capital’s initiative reflects a broader trend within India’s financial landscape, where major players are increasingly integrating sustainability into their funding models. Experts believe that this shift is crucial for meeting the nation’s energy and environmental targets. By providing financial assistance with zero-cost EMI schemes, Standard Capital is facilitating a smoother transition for institutions and residential communities into the green energy space.

This strategic entry into the EV market further enhances Standard Capital’s role in supporting clean energy and mobility initiatives, creating a comprehensive approach that addresses both power generation and transportation challenges. Analysts predict that the company’s dual focus on renewable energy and electric vehicles will position it as a leader in the NBFC sector’s green financing space.

  BSE Ltd, Delhi, Gaurav Jindal, India, Mumbai, Quicktouch, Ram Gopal Jindal, SEBI, Standard Capital Markets Limited