PFC Limited and the Council on Energy, Environment, and Water (CEEW) have declared a strategic partnership to propel PFC’s dedication to emerging as a premier net-zero financier, in accordance with India’s 2070 net zero goal. The collaboration seeks to broaden PFC’s green portfolio and enhance its position as a significant contributor to India’s transition towards clean energy. Another facet of this collaboration involves the revamped distribution sector scheme, emphasising efficient monitoring and addressing implementation challenges in the deployment of innovative smart meter projects.
The partnership delineates various goals, such as assessing the net-zero finance necessities throughout the power sector value chain, comprehending emerging patterns in lending, and evaluating the financial requirements for advanced clean energy technologies. Moreover, it seeks to scrutinise existing capital sources for capital expenditures, recognise evolving reservoirs of global capital for economical international finance, and comprehend strategies for resource mobilisation along with climate finance products. The partnership establishes a foundation for upcoming endeavors, highlighting a focus on innovation, research, and policy assistance to fortify PFC’s position in India’s transition to clean energy.
In December 2023, results were announced for PFC Consulting Limited’s auction to develop 1,250 MW of inter-state transmission system connected solar power projects. By quoting Rs 2.53 per kWh, NTPC Renewable Energy Limited and ACME Solar have won 900 MW and 300 MW, respectively. While Blupine Energy won 50 MW by quoting Rs 2.54 per kWh.
