REC Ltd has announced the signing of memorandums of understanding (MoUs) with various renewable energy developers for projects worth Rs 1.12 lakh crore over the next five years. The agreements encompass a diverse range of initiatives, including solar-wind hybrid, round-the-clock renewable power, green hydrogen projects, and the manufacturing of solar cells and modules. The company aims to enhance its renewable energy loan book significantly, targeting over ₹3 lakh crore by 2030. With a focus on increasing the share of renewables in its portfolio from 8% to 30% by the end of the decade, REC is committed to driving sustainability and green initiatives in the energy sector. Partnerships with companies like Hygenco Green Energies and Sunsure Energy reflect a collaborative effort towards funding green projects and expanding renewable energy capacities. Hygenco's commitment to invest $2.5 billion in green hydrogen and green ammonia projects in India demonstrates a significant push towards sustainable energy solutions. The signing of MoUs for projects like green ammonia and debt financing for solar, wind, and battery energy storage projects underlines the growing importance of renewable energy and green initiatives in the country's energy landscape.