IREDA reports 27% rise in loan sanctions and 28% expansion in loan book for FY 2024-25, reaffirming its leadership in green financing. CMD Pradip Kumar Das highlights transparency and public sector support as key drivers. Edited by Smruti Bhalerao for Prittle Prattle News.
Backed by strong governance and investor transparency, IREDA expands its clean energy financing footprint across India
In a landmark financial performance that reaffirms its leadership in India’s renewable energy sector, the Indian Renewable Energy Development Agency Limited (IREDA) has reported a 27% increase in loan sanctions, totaling ₹47,453 crore for the fiscal year ending March 31, 2025. The loan book grew by a solid 28%, reaching ₹76,250 crore, marking another step in IREDA’s support for India’s clean energy transition.
This steady rise reflects IREDA’s commitment to renewable energy financing and transparency, aligning with the Ministry of New & Renewable Energy’s (MNRE) mission to accelerate sustainable energy deployment across the country.
According to provisional figures, disbursements rose by 20% from the previous year, amounting to ₹30,168 crore as compared to ₹25,089 crore in FY 2023-24. The increase not only signals the strong demand for green finance but also indicates investor trust in IREDA’s governance model.
Shri Pradip Kumar Das, Chairman and Managing Director of IREDA, emphasized the agency’s commitment to good governance: “Announcing IREDA’s annual performance on the last day of the financial year underscores our strong commitment to the highest standards of corporate governance and transparency with our investors. IREDA’s consistent growth in loan sanctions, disbursements, and loan book reflects our strong dedication to financing renewable energy projects.”
IREDA is a Government of India enterprise under the administrative control of the Ministry of New and Renewable Energy (MNRE), and is instrumental in supporting projects in sectors including solar energy, wind energy, biomass, small hydro, and energy efficiency.
“I sincerely thank Hon’ble Union Minister; Hon’ble Union Minister of State, MNRE; MNRE Secretary; our Board of Directors; Regulators; and officials of MNRE and other ministries for their unwavering support,” Shri Das added. “I appreciate the dedication and relentless efforts of the Team IREDA, whose commitment drives our success.”
IREDA, headquartered in New Delhi, has played a crucial role in shaping India’s green economy by enabling access to affordable financing for clean energy developers and investors. The agency’s efforts align with India’s broader target of achieving 500 GW of non-fossil fuel capacity by 2030.
As a Public Sector Undertaking (PSU), IREDA also serves as a registered Non-Banking Financial Company (NBFC) and a Green Financing Institution, creating sustainable finance frameworks in line with global ESG norms.
IREDA’s recent performance will contribute significantly toward the realization of India’s updated Nationally Determined Contributions (NDCs), which aim to cut emission intensity and increase non-fossil energy usage in alignment with the Paris Agreement.
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