Reliance Commercial Finance inks agreement with IREDA for Rs 3 billion loan

Indian Renewable Energy Development Agency Limited has signed an agreement with Reliance Commercial Finance Limited (RCFL) to extend a Rs 3 billion loan to the latter. The loan will be used to lend to renewable energy and energy efficiency projects. Reportedly, RCFL has funded wind and solar energy projects aggregating 1,800 MW and also provides financial assistance for developing infrastructure.