IREDA Boosts Renewable Energy with ₹24,200 Crore Borrowing Plan

The Indian Renewable Energy Development Agency (IREDA) has approved a comprehensive borrowing plan of ₹24,200 crore for FY 2024-25. This initiative aims to enhance India's renewable energy infrastructure through diverse financial instruments, including taxable bonds, green bonds, and term loans. IREDA's strategy supports India's ambitious renewable energy goals by financing projects across solar, wind, and hydro sectors. The agency's loan portfolio reflects a strong focus on solar energy, with 25.8% allocation.

Source: Business Standard, Mercom India, IREDA.