About Indian Renewable Energy Development Agency Ltd
Indian Renewable Energy Development Agency Limited (IREDA), established in 1987, is a key financial institution in India, specializing in the renewable energy sector. As a 'Navratna' Government of India Enterprise under the Ministry of New and Renewable Energy, IREDA offers financial assistance for renewable energy projects, including wind, solar, hydro, biomass, and waste-to-energy. It provides a wide range of financial products, such as long-term and short-term loans, bridge loans, and refinancing schemes, alongside non-fund based services like performance guarantees and letters of comfort.
IREDA plays a strategic role in India's renewable energy initiatives, actively participating in policy development and implementation of government schemes such as the Wind GBI Scheme and Solar GBI Scheme. Recognized by the Reserve Bank of India as an Infrastructure Finance Company in 2023, IREDA continues to promote sustainable energy projects, enhancing energy efficiency and conservation across the nation.
