Power Finance Corporation Limited (PFC) has signed a memorandum of understanding (MoU) to support Goa’s climate ambitions under the blended finance facility being setup by Goa government in partnership with World Bank..
Under the MoU, PFC, through innovative blended finance mechanisms in cooperation with this facility, will fund key climate projects such as renewable energy, green hydrogen, electric vehicles, waste-to-wealth technology and nature-based solutions leading to energy transition. The Goa government will facilitate the successful implementation of the facility by identifying and developing a pipeline of climate projects, promoting policy decisions and facilitating collaboration among stakeholders.