IREDA Supercharges Green Energy Financing with ₹9.10 Billion Bond Boost

Indian Renewable Energy Development Agency (IREDA) has successfully raised ₹9.10 billion through privately placed Tier II bonds, marking a significant milestone in its mission to fuel India's renewable energy sector. This strategic move comes on the heels of IREDA's recent ₹12.47 billion perpetual bond issue, demonstrating the company's robust fundraising capabilities and investor confidence.

 

The latest bond issuance is part of IREDA's ambitious borrowing plan for FY26, which aims to raise up to ₹30,800 crore through various financial instruments. This capital infusion will strengthen IREDA's lending capacity, enabling it to support a wider range of renewable energy projects across India.

 

IREDA's proactive approach to capital raising aligns with its expanding focus beyond traditional renewables. The company is now actively financing emerging technologies such as battery storage systems, electric vehicles, and green hydrogen, positioning itself at the forefront of India's clean energy transition.

 

With its growing loan book and improving asset quality, IREDA is well-positioned to play a pivotal role in achieving India's target of 500 GW non-fossil fuel capacity by 2030.

 

Sources: BSE, IREDA website, Business Today