Indian Renewable Energy Development Agency (IREDA) - India's Clean Energy Specialist
Indian Renewable Energy Development Agency (IREDA) - India's Clean Energy Specialist
Dedicated Renewable Energy Financing
The Indian Renewable Energy Development Agency (IREDA) stands as India's premier financial institution dedicated exclusively to renewable energy and energy efficiency projects. Established as a government enterprise, IREDA has committed over ₹75,000 crores to clean energy projects, making it one of the largest renewable energy financiers globally.
Comprehensive Clean Energy Portfolio
IREDA's financing portfolio encompasses the full spectrum of renewable energy technologies, including solar photovoltaic, wind power, small hydro, biomass, and emerging technologies like green hydrogen and energy storage. The agency has financed over 25 GW of renewable energy capacity, directly contributing to India's position as the world's third-largest renewable energy market.
The agency's project portfolio includes some of India's largest solar parks and wind farms, as well as innovative hybrid renewable energy projects that combine multiple clean energy technologies. IREDA's technical expertise enables it to assess and finance complex renewable energy projects that might be challenging for conventional banks.
Concessional Financing and Risk Mitigation
IREDA's government backing enables it to offer concessional financing terms that make renewable energy projects more financially viable. The agency provides long-term loans at competitive interest rates, often with flexible repayment terms that align with project cash flows.
The institution also offers innovative risk mitigation instruments, including partial credit guarantees and currency hedging for international equipment purchases. These services address key barriers to renewable energy investment and enable project developers to access capital markets more effectively.
Supporting India's Energy Transition
IREDA plays a crucial role in achieving India's commitment to 500 GW of renewable energy capacity by 2030. The agency's financing supports both utility-scale renewable energy projects and distributed energy systems, contributing to energy access in rural areas and industrial decarbonization.
Through partnerships with international development banks and green climate funds, IREDA mobilizes additional capital for India's energy transition. The agency's strong track record and technical expertise make it an attractive partner for international climate finance institutions seeking to invest in India's clean energy sector.