In Short : IREDA has crossed ₹1.63 lakh crore in total loan disbursements, significantly boosting India’s clean energy growth. With strong financial health and reduced NPAs, the agency now aims to scale globally through its new GIFT City office. Targeting ₹5 lakh crore in green loans by 2030, IREDA is positioning itself as a global leader in sustainable finance.
In Detail : The Indian Renewable Energy Development Agency (IREDA) has achieved a major milestone by crossing ₹1.63 lakh crore in total loan disbursements. This landmark reflects its expanding role in supporting renewable energy sectors such as solar, wind, hydro, biomass, e-mobility, and green hydrogen across India.
The agency’s success is rooted in a strategic blend of green bond issuances, innovative refinancing mechanisms, and strong partnerships with multilateral development banks. These efforts have helped IREDA mobilize large-scale capital for green infrastructure projects across the country.
Chairman and Managing Director Pradip Kumar Das emphasized IREDA’s commitment to becoming more than just a financier. The organization now aims to serve as a global knowledge partner, catalyst, and enabler for sustainable transformation in the energy sector.
IREDA has also opened a new international finance office at GIFT City in Gandhinagar, Gujarat. This move marks its intention to begin funding overseas renewable energy projects and to extend its expertise to global markets.
To further support its ambitions, IREDA is seeking shareholder approval to raise its borrowing limit to ₹1.5 lakh crore. This is part of a broader strategy to meet its target of disbursing ₹5 lakh crore in green loans by 2030.
The agency has shown strong financial performance, with a 49% rise in operating profit during Q1 FY26. Simultaneously, it has significantly improved its asset quality by reducing non-performing assets through enhanced credit appraisal and recovery systems.
This financial discipline ensures that IREDA remains resilient as it expands its loan book and explores international opportunities. The agency’s reputation for prudent risk management continues to strengthen investor and stakeholder confidence.
With a robust foundation, clear vision, and growing international presence, IREDA is poised to become a key global player in green finance, contributing both to India’s net-zero goals and the global clean energy transition.
