IREDA ropes in Union Bank, BoB to co-finance renewable energy projects
State-owned IREDA has partnered with public sector lenders Union Bank of India and Bank of Baroda to co-finance renewable energy projects.
Under the Ministry of New and Renewable Energy, IREDA is a non-banking financial institution engaged in extending financial assistance for setting up projects related to new and renewable sources of energy and energy efficiency/conservation.
In a statement on Tuesday, the Indian Renewable Energy Development Agency Ltd (IREDA) said it has signed Memorandum of Understanding (MoU) with Union Bank of India (UBI) and Bank of Baroda (BoB).
