Banks, NBFCs to finance 76,000 MW clean energy projects – Feedback

Public as well as private banks and non-banking finance companies (NBFCs) have committed for financing renewable energy projects of 76,352 MW capacity with an outlay of Rs 3.82 lakh crore, Parliament was informed today.

“24 Public Sector and 8 Private Sector Banks and 4 Public Sector & 2 Private Sector NBFCs have committed for financing renewable energy projects of 76,352 MW capacity with an outlay of Rs 3,82,255 crore over 5 years through green commitment certificates,” New and Renewable Energy Minister Piyush Goyal said in a written reply to Lok Sabha today. The minister said these banks and financial institutions have supported projects of 25,318 MW capacity with sanctioned and released amount of Rs 63,473 crore and 26,105 crore respectively, as on December 31, 2015 after giving the commitments.

http://www.business-standard.com/article/pti-stories/banks-nbfcs-to-finance-76-000-mw-clean-energy-projects-116031000985_1.html

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