Indian Renewable Energy Development Agency Limited (IREDA) has signed memorandums of understanding (MoUs) with Union Bank of India (UBI) and Bank of Baroda (BoB).
These agreements will empower IREDA to collaborate with UBI and BoB, in co-lending and loan syndication for a wide range of renewable energy projects, including both established and emerging renewable energy (RE) technologies. The collaboration aims to extend the reach, particularly in tier-2 and tier-3 cities and rural areas as well as to provide unique and innovative financial support to existing and new customers.