Indian Renewable Energy Development Agency Ltd. (IREDA)

Overview

The Indian Renewable Energy Development Agency Limited (IREDA) is a non-banking financial company specializing in the renewable energy sector. Incorporated in 1987 and headquartered in New Delhi, India, IREDA's primary mission is to promote, develop, and extend financial support for projects focused on renewable sources of energy and energy efficiency in India. It operates through Financing and Generation segments, emphasizing its role in the transition towards sustainable energy. The company's contribution to renewable energy projects spans across various sources such as solar, wind, hydro, and waste-to-energy power generation.

Products and Services

• Financial Products and Services:

  IREDA offers a range of financial products and services aimed at supporting the development of the renewable energy sector in India. This includes loans and financial assistance for projects that explore and harness new and renewable sources of energy. By facilitating access to finance, IREDA plays a vital role in the growth and sustainability of the renewable energy industry.

• Project Development Support:

  Alongside financial assistance, IREDA extends support in the development phase of renewable energy projects. This involves advisory services that help in the planning, execution, and operation of projects tapping into solar, wind, hydro, and waste-to-energy power sources. The aim is to ensure that projects are not only financially viable but also technologically advanced and efficient.

• Energy Efficiency and Conservation Projects:

  IREDA's commitment extends beyond renewable energy generation to encompass energy efficiency and conservation. It offers financial products tailored for projects aimed at reducing energy consumption and promoting conservation practices across various sectors. This aligns with global and national priorities to enhance energy security and mitigate climate change impacts.