Green energy major Renew Energy Global Friday signed loan agreements worth Rs 64,000 crore with Power Finance Corporation and Rural Electrification Corporation.
Public sector energy funders will lend Rs 32,000 crore each to the Nasdaq-listed energy company.
The loan agreements were signed at the clean energy ministerial meet, a part of the G20 meeting, in Goa.
“We will receive Rs 32,000 crore (USD 3.9 billion) each from PFC and REC for financing its current and upcoming energy transition projects, totalling USD 7.8 billion or Rs 64,000 crore,” the company said in a statement issued from Goa without sharing project details or a timeline for disbursals.
