REC Limited has won the SKOCH ESG Award 2024 in the “Renewable Energy Financing” category. This recognition underscores REC’s dedication to sustainable financing, paving the way for a greener future and accelerating the transition to renewable energy. Through various initiatives and achievements, REC has committed to several sustainable projects and has signed various MoUs for green projects. Furthermore, it has conducted one-on-one discussions with various developers of green projects, spanning sectors such as solar, wind, pump storage plants, e-mobility, renewable energy manufacturing, green ammonia/hydrogen and battery storage. Looking ahead, REC anticipates significant expansion in its renewable energy portfolio, with projections indicating growth to 10 times its present value, reaching more than Rs 3 trillion by 2030, representing approximately 30 per cent of its assets under management.
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