In a significant step towards strengthening India’s clean energy ecosystem, the Indian Railway Finance Corporation (IRFC) has signed a ₹4,200 crore term loan agreement with the Damodar Valley Corporation (DVC) to finance renewable energy projects across Jharkhand and West Bengal. This financing will directly support floating solar, ground-mounted solar, rooftop solar, and Battery Energy Storage System (BESS) projects while contributing to the growing clean energy requirements of the railway ecosystem. Emphasizing the vision behind the collaboration, CMD Shri Manoj Dubey stated that with Indian Railways targeting Net Zero Carbon Emissions by 2030, investments in renewable energy and energy storage will play an increasingly important role in building a sustainable infrastructure ecosystem.
Source - IRFC & RSB

