Solar energy services company Freyr Energy has tied up with which bank to offer term loans for customers installing solar projects?

Introduction / Context:
Renewable energy companies often collaborate with banks to make financing easier for customers who want to install solar panels or related systems. Such tie ups support the growth of clean energy and are frequently covered in business and environment news. This question focuses on Freyr Energy, a solar energy services company, and asks which bank it partnered with to provide term loans.

Given Data / Assumptions:

- The company is Freyr Energy, which focuses on solar energy services.

- The purpose of the tie up is to offer term loans for solar projects.

- The options are Axis Bank, United Bank, SBI and Union Bank.

- We must recall the specific bank that entered this partnership.

Concept / Approach:
Axis Bank has been active in financing renewable energy and green projects. Freyr Energy partnered with Axis Bank to provide easier credit access for individuals and small businesses installing rooftop solar systems. By combining Freyr Energy technical expertise and Axis Bank financial products, the partnership aimed to accelerate adoption of solar energy in India. Knowing this fact helps in answering questions at the intersection of banking and sustainable development.

Step-by-Step Solution:
Step 1: Identify that the question is about a bank partnership, not about government subsidies directly. Step 2: Remember that Freyr Energy is a private solar energy services company and that it sought a banking partner to offer term loans. Step 3: Recall from current affairs that Axis Bank was named as the partner bank in this tie up. Step 4: Check that no major news connected Freyr Energy with United Bank, SBI or Union Bank in the same way. Step 5: Choose Axis Bank as the correct option.

Verification / Alternative check:
To verify, think of how this information appears in environment and banking awareness compilations. Many notes frame it as Freyr Energy partners with Axis Bank to provide term loans for solar projects. If you maintain a list of green finance initiatives, you might already have this entry, which confirms that Axis Bank is the relevant partner.

Why Other Options Are Wrong:

Option B (United Bank) is not prominently known for a specific tie up with Freyr Energy.

Option C (SBI) is involved in many renewable energy projects but is not the bank named in this particular collaboration.

Option D (Union Bank) also finances various sectors but does not match the specific Freyr Energy partnership described in common current affairs sources.

Common Pitfalls:
Students sometimes pick SBI automatically for any bank related question because it is the largest public sector bank. Others may choose a bank at random when they do not recall the news. To avoid this, pay attention to specific company and bank combinations when reading business news. Writing them down in a dedicated notebook for corporate tie ups can make revision more reliable.

Final Answer:
The correct answer is Axis Bank, which tied up with Freyr Energy to offer term loans for solar energy projects.