Renewable Energy Financing Facility I

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The FC module includes the provision of a credit line to the central government funding institution Rural Electrification Coporation (REC) to finance projects to generate electricity from renewable energies, using wind power and solar systems. The project serves to protect the climate, the environment and resources by using renewable energy sources to generate electricity and directly contributes to supporting the Indian government in implementing the NDCs. By expanding electricity generation capacities based on renewable energies, the project makes a significant contribution to an ecologically sustainable electricity supply in India.