These MoU were signed with Solar, Wind Power, Green Hydrogen, Battery Storage, Electric Vehicle companies as well as the manufacturers of green energy equipment among others in the clean energy space. Adani, Greenco, ReNew, Continuum, Avaada, JBM Auto, Megha Engineering & Infrastructure Limited, Rajasthan Renewable Energy were some of the companies with whom PFC signed the MoU. PFC is a leading financier of Energy Transition in India and these MoU highlight PFC’s commitment to consistently increase its energy transition portfolio and steer Nation’s drive of Energy Transition Goals.

The MoU assume significance in the backdrop of ongoing deliberations on energy transition under India’s G20 presidency.

PFC enjoys the unique advantage of providing funds for longer tenure at competitive rates and taking larger exposures. PFC is looking to fund projects like offshore wind, pumped hydro storage, solar modules and cells, among others in the clean energy space.

The MoU were exchanged in the presence of Smt. Parminder Chopra, Director (Finance) & CMD (Addl. Charge), PFC, Shri Rajiv Ranjan Jha, Director (Projects) and Shri Manoj Sharma, Director (Commercial) at an event held on the side lines of G20 summit in Goa.

PFC recently diversified its loan portfolio by foraying into infrastructure projects such as refineries, ports, roads, metro, biofuels, waste to energy etc.

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India currently has more than 140 airports, and that number is set to rise to 230 by the end of this decade. According to the AAI, more than 40 airports in India have transitioned to using 100% renewable energy, and the country’s top two busiest airports – Delhi and Mumbai – are among them. Delhi Airport was the first in the country to use a combination of hydro and solar power for 100% energy, while Mumbai uses hydro, solar, and wind power.

He said, as the first overseas office of HAL, it symbolizes the potential for closer defence industrial collaboration between India and Malaysia and also, the South East Asian Region.

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