IREDA formalizes a strategic MoU with Indian Overseas Bank for co-lending and loan syndication in Renewable Energy projects, signed on January 16, 2024, at IREDA’s New Delhi Business Centre; the collaboration includes streamlined processes, TRA management, and aims to achieve the national target of 500 GW Non-Fossil-based electricity generation capacity by 2030, building on IREDA’s successful partnerships with institutions like Bank of Baroda and Bank of India in co-lending for Renewable Energy projects.
IREDA forms collaborative financing alliance with Indian Overseas Bank for nationwide green energy projects
IREDA and Indian Overseas Bank join forces in an innovative Green Energy Financing partnership. Image Credit: IREDA
The dual-use project integrates agriculture under solar panels and floating aquaculture with energy storage. (Image Source: PRNewswire)
The Horsham project combines solar and battery storage, supporting grid stability and peak demand management. (Image Credit/Source: Atimedia/Pixabay)
The 20 MW solar project actively supports Eramet’s SBTi roadmap and climate goals. (Image Source: SolarPanal/Pixabay)
Sherco Solar is the Upper Midwest’s largest solar project, set to power 150,000 homes when fully operational. (Image Source: Xcel Energy)