REC Limited signed memoranda of understanding (MoUs) worth Rs 1,120 billion with renewable energy developers at 4th global renewable energy investors meet and expo (RE-INVEST 2024) which will be implemented over a period of five years.
The agreements include solar and wind hybrid projects, round-the-clock renewable power, firm and dispatchable renewable energy power, floating solar plants, ultra mega renewable energy parks, hydroelectric projects, and battery energy storage systems, etc. REC is also exploring financing for green energy corridors, wind turbine manufacturing, and electric vehicle charging infrastructure, while considering renewable projects for the commercial and industrial segment.