Question
Which financial institution partnered with the Indian
Renewable Energy Development Agency Ltd. (IREDA) through a Memorandum of Understanding (MoU) to promote renewable energy projects in India?Solution
Indian Renewable Energy Development Agency Ltd. (IREDA) and Punjab National Bank (PNB) have signed a Memorandum of Understanding (MoU) aimed at advancing renewable energy initiatives across the nation. The agreement, signed at IREDA's registered office in New Delhi on February 19, 2024, paves the way for joint efforts in co-lending and loan syndication for a diverse spectrum of renewable energy projects.
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