PFC signs MoU worth ₹ 2.37 trillion in clean energy space
₹2.37 trillion with 20 companies both in public and private sector, the company said in a statement on Friday. These MoUs were signed with solar, wind power, green hydrogen, battery storage, electric vehicle companies as well as manufacturers of green energy equipment among others in the clean energy space.
Adani, Geenco, ReNew, Continuum, Avaada, JBM Auto, Megha Engineering and Infrastructure Limited, Rajasthan Renewable Energy were some of the companies with whom PFC signed the MoU. “These MoUs highlight PFC’s commitment to consistently increase its energy transition portfolio and steer nation’s drive of energy transition goals.
The MoU assumes significance in the backdrop of ongoing deliberations on energy transition under India’s G20 presidency," it added. PFC enjoys the unique advantage of providing funds for longer tenure at competitive rates and taking larger exposures.
It is looking to fund projects like offshore wind, pumped hydro storage, solar modules and cells, among others in the clean energy space. PFC recently diversified its loan portfolio by foraying into infrastructure projects such as refineries, roads, ports, metro, biofuels, waste to energy etc.
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