Definition
IREDA (Indian Renewable Energy Development Agency Limited) is a public sector NBFC under MNRE that provides debt finance for renewable energy projects in India — solar, wind, biomass, small hydro, energy storage.
Key Takeaways
- IREDA = Indian Renewable Energy Development Agency.
- Public sector NBFC under MNRE.
- Provides project finance for renewables in India.
- Solar utility-scale, RESCO, residential schemes.
- Listed entity since 2023; competitive with private lenders.
Frequently Asked Questions
4 commonly searched questions about IREDA.
What is IREDA?
Indian Renewable Energy Development Agency — government-owned NBFC providing project finance to renewable energy in India. Major lender for utility-scale solar, wind, biomass.
What does IREDA finance?
Project loans (term loans, working capital), bridge loans, equipment financing, RESCO model loans, storage projects. Typically 70–80% debt sizing.
IREDA interest rates?
8.5–11% typical for solar projects depending on tenor and risk. Competitive with private banks; advantage is renewable-specialized expertise.
Has IREDA been listed?
Yes — IREDA listed on Indian stock exchanges in November 2023, transitioning from a pure development finance institution toward a listed NBFC.
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