Renewable energy financing: Industry’s thumbs up for govt’s move to ease credit flow
By Economic Times 13-Jun-2019
Power and renewable energy minister R K Singh held a review meeting earlier this week with industry players where it was decided that the Ministry of New and Renewable Energy (MNRE) will request the Reserve Bank of India (RBI) to categorize renewable energy as a separate segment from power and remove the priority sector lending limit for the green energy sector.
“The proposed ease of financing will boost solar adoption for the commercial and industrial segment. We are glad to see the introspective move made by Power Minister R K Singh at the review meeting and, if implemented, the move will prove to be a respite for the Indian solar sector,” said Sunil Rathi, Director, Waaree Energies, an Engineering, Procurement and Construction (EPC) player and the country’s largest solar photovoltaic module manufacturer.
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