IREDA and Bank of Maharashtra partner to promote renewable energy adoption in India

IREDA and Bank of Maharashtra partner to promote renewable energy adoption in India

Daily Current Affairs   /   IREDA and Bank of Maharashtra partner to promote renewable energy adoption in India

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Category : Business and economics Published on: September 21 2023

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  • IREDA (Indian Renewable Energy Development Agency) and the Bank of Maharashtra (BoM) entered into a partnership through a Memorandum of Understanding (MoU) in the renewable energy sector.
  • The primary goal is to promote and facilitate co-lending and loan syndication for various renewable energy projects across India.
  • The initiative supports India's efforts to reduce carbon emissions and transition to clean energy sources.
  • The MoU was formally signed by Bharat Singh Rajput, General Manager of Technical Services), IREDA, and Rajesh Singh, General Manager (Retail and MSME Credit), Bank of Maharashtra, at IREDA's Business Center in New Delhi.
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