MNRE proposes REEFO for consistent RE funding
The Ministry of New and Renewable Energy (MNRE) has proposed a renewable energy financing obligation (REEFO) to ensure dedicated financial support for India’s renewable energy sector. Similar to Renewable Purchase Obligations (RPOs) for discoms, REEFO would require financial institutions to allocate a portion of their lending to renewable energy projects. This initiative aims to secure consistent and affordable capital for solar, wind, and green hydrogen projects while de-risking investments in emerging clean energy technologies. MNRE…