Indian lender REC inks renewable energy pacts worth $13.4 bln
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 17 2024
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Source: Reuters
REC's New Agreements: Indian infrastructure lender REC has signed agreements worth approximately 1.12 trillion rupees ($13.37 billion) with renewable energy developers to support the expansion of renewable energy capacities in India.
Renewable Energy Goals: The agreements, covering various sectors such as solar and wind, align with India's goal to add at least 500 gigawatts of clean energy by 2030, while REC aims to increase its renewables loan book to over 3 trillion rupees by that same year.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
