Indian Renewable Energy Development Agency Ltd (IREDA) has been conferred with Green Urja Award for being the leading public institution in financing institutions for renewable energy this year by Indian Chamber of Commerce (ICC).

What is the purpose of IREDA?

Indian Renewable Energy Development Agency Limited (IREDA) is a Mini Ratna (Category-I) government of India Enterprise under the administrative control of the ministry of new and renewable energy (MNRE). 

IREDA is a public limited government company established as a non-banking financial institution in 1987 engaged in promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy, energy efficiency and conservation.

Since, its inception the company has played a catalytic role in developing market for financing renewable energy (RE) and energy efficiency (EE) projects. 

Over the years, IREDA has sanctioned loans aggregating to Rs 96,601 crore, disbursed Rs 63,492 crore and supported more than 17,586 MW of RE capacity in the country till date.

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