PFC eyes energy transition, RE for higher lending

Power Finance Corporation (PFC) expects to increase its lending in the energy transition segment particularly in the renewable energy and sees itself maintaining a 25% market share in the renewable energy lending sector, the company’s Chairman and Managing Director Parminder Chopra said on Thursday.

“In medium to long term, we see existing business to be complimented by opportunities in energy transition and E-mobility,” Chopra said. “PFC is the largest lender for renewable energy sector and has supported 25% of installed RE capacity. We expect to maintain a similar marketing share in energy transition.”