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Doubling priority lending for renewables to help only small installations

  • Date : 07/09/2020
  • Source : Business Standard

"The new lending guidelines by the RBI is a welcome move for the renewable energy sector and indicates the global trend that capital is getting prioritised for clean energy adoption. But to accelerate growth and realise the current potential in the rooftop solar segment, the priority sector lending limit must be higher at around INR 150 crore per entity" said Nikunj Ghodawat, Chief Financial Officer, CleanMax