IREDA Enhances Borrowing Limit to ₹292 Billion for FY 2024-25

The Indian Renewable Energy Development Agency (IREDA) has increased its borrowing limit to ₹292 billion for the fiscal year 2024-25. This strategic move follows an initial borrowing program of ₹242 billion approved earlier. IREDA aims to leverage diverse funding instruments, including taxable bonds, green bonds, term loans, and external commercial borrowings, to support renewable energy projects across India. The agency's enhanced borrowing capacity is crucial for facilitating the development and deployment of clean energy initiatives, aligning with India's ambitious renewable energy targets. IREDA's loan sanctions and disbursements have seen significant growth, with a 129% increase in sanctions to ₹31,087 crore in Q3 FY25.

 

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