REC signed these MoUs with RE builders on the RE-INVEST 2024 occasion. These MoUs cowl tasks based mostly on hybrid photo voltaic and wind vitality, photo voltaic and wind round the clock (RTC) tasks, mounted dispatchable renewable vitality (FDRE) energy, floating solar energy vegetation, ultra-mega tasks renewable energy The park consists of hydropower tasks, battery vitality storage methods (BESS), pumped hydro, hydropower, inexperienced ammonia/hydrogen, photo voltaic cell/module manufacturing and different modern applied sciences, in accordance with a press launch.
Financing issues are additionally beneath additional dialogue green energy hall, wind turbine manufacturing and electrical car ecosystem, together with related charging infrastructure, the discharge stated.
REC additionally intends to be a key participant within the nation’s drive to extend non-fossil energy era capability from 200 GW to 500 GW by 2030.
REC has taken a non-binding financial commitment The scheme known as ‘Shapath Patra’ plans to extend its whole renewable vitality loans to over Rs 300 crore by 2030. The overall mortgage quantity is predicted to achieve Rs 10 billion by 2030.
In accordance with the press launch, REC can be prepared to contemplate renewable vitality tasks from builders within the industrial and industrial (C&I) sector, offered they’ve prime offtakers. 432.13% respectively. In 5 years, the inventory has gained 458.47%, whereas the Sensex and BSE Monetary Companies have gained 207.26% and 232.97% respectively.Disclaimer: The solutions, recommendation, views and opinions given by consultants are their very own. The above doesn’t characterize the views of The Financial Instances)
