REC to Invest ?2.5 Lakh Crore in Renewable Energy by 2030
What is REC?
REC Limited (formerly Rural Electrification Corporation Limited) is a Government of India enterprise that provides loans to the power sector. It mainly supports state and private power producers and developers, focusing on transmission, generation, and distribution infrastructure.
REC Limited, a leading public sector finance company, has announced plans to provide ?2.5 lakh crore in funding for renewable energy projects by 2030. This major investment supports India’s shift to clean energy and aligns with the country’s goal of achieving net zero carbon emissions by 2070.
What Will Be Funded?
REC’s green financing will support:
- Solar power projects (including rooftop and solar parks)
- Wind energy farms
- Green hydrogen projects
- Battery energy storage systems
- Hydropower and pumped storage plants
The funding will also help strengthen infrastructure, such as green transmission corridors to carry renewable power efficiently across regions.
Aligned with National Goals:
India aims to install 500 GW of non-fossil fuel-based power capacity by 2030. REC’s green push directly supports this target, as well as the National Green Hydrogen Mission, which focuses on clean fuel alternatives.
REC is also planning to raise capital through green bonds and global financing channels to meet its ?2.5 lakh crore goal.
Why It Matters:
- Supports clean energy transition
- Reduces pollution and carbon emissions
- Creates green jobs
- Strengthens India’s energy independence
This move marks a big step in India's clean energy journey, promoting sustainability while boosting economic growth.
eClouds Green Energy Push:
As a growing Solar Park Developer in Tamil Nadu, eClouds offers a great opportunity for customers to set up new solar plants at their preferred locations. With REC’s funding support, customers can now access easier financing, making it the right time to go solar and be part of India’s clean energy future.
Article by:
Mr. Shamuthirahari
Process Executive
eClouds Energy LLP
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