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HomeIndian Renewable Energy Development Agency

Indian Renewable Energy Development Agency

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Financings

IREDA secures JPY 28 billion financing from Sumitomo Mitsui Banking Corporation

March 31, 2026

Indian Renewable Energy Development Agency Limited (IREDA) has signed a facility agreement with Sumitomo Mitsui Banking Corporation to raise external commercial borrowing amounting to JPY 28 billion. The arrangement includes a greenshoe option of up […]

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Projects

IREDA approves Rs 11.34 billion loan for solar cell facility in Madhya Pradesh

September 22, 2025

The Indian Renewable Energy Development Agency (IREDA) has approved a Rs 11.34 billion loan for Insolation Energy’s wholly owned subsidiary, Insolation Green Energy. The loan will be utilised for the development of a 4.5 GW […]

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Financings

IREDA raises Rs 4.53 billion for financing of renewable energy projects

September 15, 2025

The Indian Renewable Energy Development Agency (IREDA) has raised Rs 4.53 billion through its second issue of perpetual bonds at a rate of 7.70 per cent per annum. The issue received bids worth Rs 13.43 […]

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Miscellaneous

IREDA and MNRE sign MoU for annual performance goals

August 22, 2023

A MoU has been signed between the Indian Renewable Energy Development Agency (IREDA) and the Ministry of New and Renewable Energy (MNRE). The MoU specifies goals that IREDA intends to accomplish during the financial years […]

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Financings

IREDA’s IPO to be managed by IDBI, BOB, and SBI Capital

May 17, 2023

The Indian government has designated IDBI Capital, BOB Capital, and SBI Capital to oversee the Indian Renewable Energy Development Agency’s (IREDA) initial public offering (IPO). IDBI Capital is the transaction’s principal banker. Additionally, Saraf and […]

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Miscellaneous

Cabinet approves listing of IREDA on stock exchanges through IPO

March 22, 2023

The Cabinet Committee on Economic Affairs (CCEA) chaired by the Indian prime minister Mr Narendra Modi approved for listing of Indian Renewable Energy Development Agency (IREDA) on the stock exchanges through an initial public offer […]

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Miscellaneous

IREDA bags ‘Infrastructure Finance Company’ status from RBI

March 14, 2023

The Reserve Bank of India (RBI) has granted status of an ‘Infrastructure Finance Company (IFC)’ to the Indian Renewable Energy Development Agency (IREDA). It was earlier classified as ‘Investment and Credit Company (ICC)’. With an […]

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