REC has been at the forefront in supporting India’s green energy transition. Taking the conversation forward, Sh. T.S.C. Bosh, Executive Director (Infrastructure, Logistics, and Renewable Energy), enthusiastically participated in a panel discussion held on the occasion of Saur Urja Diwas 2024 by the Solar Energy Society of India. The session focused on the ‘Challenges and opportunities to accelerate “Financing in the Solar Sector” to meet national targets.’ The enriching discussion was graced by eminent panelists and industry experts, including Sh. Sudeep Jain, Additional Secretary, Ministry of New and Renewable Energy.
During the session, Sh. Bosh extensively discussed the dominant role that REC is playing in financing India’s renewable energy projects, along with the significant emphasis that the company is giving to the solar energy sector.
He also highlighted that, aligned with India’s ambitious goals of achieving 500 GW of renewable energy capacity by 2030, REC offers long-term financing for renewable energy projects, with structured payment plans.
It is noteworthy that in FY24, REC’s sanctions to the renewable sector charted a remarkable 533% growth! The sanctions for solar energy alone amounted to Rs 20,956 crore.
