Indian Renewable Energy Development Agency Ltd. (IREDA) and Punjab National Bank (PNB) have signed a Memorandum of Understanding (MoU) to advance renewable energy initiatives across the nation. Signed at IREDA’s registered office in New Delhi on February 19, 2024, the agreement paves the way for joint efforts in co-lending and loan syndication for a spectrum of renewable energy projects.
The MoU includes provisions aimed at enhancing support for renewable energy projects. These provisions include:
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