IREDA signs MoUs with Union Bank of India and Bank of Baroda to co-finance Renewable Energy projects
Banking & Finance
In another step towards accelerating the growth of renewable energy in India, Indian Renewable Energy Development Agency Ltd.has signed Memorandums of Understanding with Union Bank of India and Bank of Baroda on September 5, 2023. These agreements will empower IREDA to collaborate with UBI and BoB, in co-lending and loan syndication for a wide range of renewable energy projects, including both established and emerging RE technologies.Expressing his happiness about these partnerships, CMD of IREDA, Shri Pradip Kumar Das said: "Both Union Bank of India and Bank of Baroda have an extensive nationwide presence with a vast network of branches.
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