As Iran war tensions push fuel prices higher across Asia, households are turning to rooftop solar to cut costs. Demand is rising sharply in the Philippines, where installations and inquiries have surged. China, the world’s biggest solar technology supplier, stands to benefit as global consumers accelerate the energy transition toward more accessible, affordable power.
Climate NBFC Ecofy has raised $15 million from Mirova to expand lending for rooftop solar and electric mobility, including two- and three-wheelers. Founded in 2022, it claims to be India’s first green-only NBFC and will use the funds for onward lending to residential and commercial customers. It already serves 130,000 users across 26 states.
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