REC Limited has completed the post-issuance assurance process for its green bonds issued in September 2024 (USD 500 million) and January 2024 (JPY 61.10 billion) under its green finance framework.
The assurance is aligned with the International Capital Market Association Green Bond Principles and confirms that the net proceeds from both issuances have been fully allocated to eligible green projects. The impact assessment detailed in REC’s inaugural Green Bond Impact Report (FY 2025), highlights financed emission reductions of 0.87 million tCO₂ and enabled reductions of 1.34 million tCO₂ across a portfolio of 11 operational projects supported by 1 billion kWh of renewable generation and 2,032 MW of installed capacity.