Indian Renewable Energy Development Agency Limited (IREDA.NS) Bundle
Founded in 1987, the Indian Renewable Energy Development Agency Limited (IREDA) stands as a Government of India enterprise under the Ministry of New and Renewable Energy with the motto 'Energy for Ever,' and after being conferred Navratna status in April 2024 has accelerated its role as a specialist financier for renewable energy and energy-efficiency projects nationwide; guided by a mission to finance "self-sustaining investment" in renewables, energy efficiency and environmental technologies and a vision of expanding and transitioning renewable energy toward affordability, scalability and sustainability to support India's target of 500 GW of renewable capacity by 2030, IREDA's core values-Integrity, Innovation, Accountability, Sustainability and Collaboration-drive project selection and financing strategy, while the government's 2024 plan to divest a 7% stake to raise up to ₹45 billion underscores both market confidence and fresh capital flow to accelerate clean energy deployment as IREDA continues to play a pivotal role in India's energy transition as of December 2025.
Indian Renewable Energy Development Agency Limited (IREDA.NS) - Intro
Established in 1987, Indian Renewable Energy Development Agency Limited (IREDA.NS) is a Government of India enterprise under the Ministry of New and Renewable Energy (MNRE). As a specialist financing institution, IREDA supports renewable energy, energy efficiency and related infrastructure projects across India. The agency's motto, 'Energy for Ever,' underpins its focus on accelerating the nation's energy transition. Recognized for operational excellence, IREDA achieved 'Navratna' status in April 2024 and in 2024 the Government announced plans to sell a 7% stake to raise up to ₹45 billion to catalyze clean energy investments. As of December 2025, IREDA continues to play a pivotal role in meeting India's clean energy ambitions.
- Founded: 1987
- Parent ministry: Ministry of New and Renewable Energy (MNRE)
- Corporate status: Public sector enterprise; conferred Navratna status (April 2024)
- Motto: 'Energy for Ever'
- Headquarters: New Delhi
| Metric | Value / Note |
|---|---|
| Year of incorporation | 1987 |
| Navratna status | Conferred in April 2024 |
| Planned stake sale (2024) | 7% stake; raise up to ₹45 billion |
| Role (as of Dec 2025) | Principal renewable energy financier and promoter across India |
| Motto | Energy for Ever |
| Parent ministry | Ministry of New and Renewable Energy (MNRE) |
Mission
- Mobilize financial resources and provide affordable, timely finance for renewable energy and energy efficiency projects nationwide.
- Promote technology adoption, project viability and bankability through tailored financial products and advisory support.
- Support India's climate and sustainable development goals by accelerating deployment of clean energy capacities.
Vision
- To be India's leading dedicated renewable energy finance institution driving a just, rapid and scalable transition to sustainable energy.
- Enable decentralised and large-scale clean energy solutions that ensure energy security, affordability and reduced carbon intensity.
Core Values
- Commitment to sustainability: prioritize projects with clear environmental and social benefits.
- Financial prudence: maintain credit discipline while offering competitive financing to promote deployment.
- Innovation: develop and adapt financial instruments, risk-mitigation structures and advisory services for diverse renewable segments.
- Stakeholder collaboration: partner with government, banks, developers and international financiers to scale impact.
- Transparency & governance: operate under strong public-sector governance standards consistent with Navratna status.
For further context on IREDA's institutional history, mission and business model see: Indian Renewable Energy Development Agency Limited: History, Ownership, Mission, How It Works & Makes Money
Indian Renewable Energy Development Agency Limited (IREDA.NS) - Overview
Mission Statement- IREDA's mission is to be a pioneering, participant friendly and competitive institution for financing and promoting self-sustaining investment in energy generation from Renewable Sources, Energy Efficiency and Environmental Technologies for sustainable development.
- This mission underpins IREDA's role in unlocking capital for renewable energy, energy efficiency and environmental technology projects that are financially viable without indefinite subsidy dependence.
- By targeting energy generation from renewable sources, IREDA supports India's transition to a diversified, low-carbon energy mix and reduced fossil-fuel dependence.
- The explicit inclusion of Energy Efficiency and Environmental Technologies signals a holistic approach-addressing both supply-side clean generation and demand-side consumption reductions.
- The consistency of this mission over time reinforces IREDA's long-term strategic commitment to sustainable energy financing and market development.
- To be the premier and most trusted financial institution catalysing large-scale deployment of renewable energy and related environmental technologies across India.
- To shape markets through innovative financing, risk mitigation instruments and capacity-building that enable commercially viable clean-energy projects to scale.
- Financial Prudence - rigorous credit assessment and portfolio management to ensure self-sustaining investments.
- Accessibility - participant-friendly processes and tailored financing for developers, MSMEs, and community projects.
- Innovation - developing new financial products (e.g., blended finance, green bonds, viability gap funding support) to overcome early-stage barriers.
- Environmental Stewardship - prioritising projects with clear emissions reduction, resource efficiency and environmental co-benefits.
- Transparency & Accountability - clear governance, reporting and stakeholder engagement aligned with public-sector standards.
- Scale up lending to grid-scale renewable energy, rooftop solar, hybrid projects and energy-storage solutions to support India's capacity targets.
- Deepen financing for energy-efficiency retrofits across industry and buildings, plus support for waste-to-energy and small hydro.
- Promote financial inclusion by lowering transaction costs for distributed renewable projects and enabling MSME access to clean-energy finance.
- Leverage concessional/co-financing and mobilise private capital through syndicated loans, securitisation and green bond issuance.
| Metric | Latest reported (FY / recent disclosure) |
|---|---|
| Total loan sanctions (cumulative) | INR XX,XXX crore |
| Loan outstanding / portfolio | INR X,XXX-XX,XXX crore |
| Disbursements (last fiscal) | INR X,XXX crore |
| Net Worth / Equity | INR X,XXX crore |
| Net Profit / PAT (last fiscal) | INR XXX-X,XXX crore |
| Return on Assets (ROA) | X.X% (annual) |
| Capital Adequacy / Leverage | Prudent leverage with regulatory compliance |
| Credit ratings | Rated by domestic agencies for bank borrowing and bond issuance |
- Financing covers utility-scale solar and wind, rooftop and distributed generation, small hydro, biomass and waste-to-energy, energy-efficiency retrofits and enabling environmental technologies.
- Targeted support for MSMEs, state utilities, project developers and public-sector entities to accelerate renewable capacity addition and demand-side management.
- Term loans for project construction and commissioning with tenor aligned to asset cashflows.
- Syndicated and co-lending structures to mobilise bank and institutional capital.
- Support for technology pilots, energy-storage integration and hybridisation projects to de-risk new solutions.
- Capacity-building and technical assistance to improve bankability of small and distributed projects.
- Governance frameworks balance public-interest mandates with commercial banking discipline, enabling long-term sustainable financing.
- Collaboration with ministries, multilateral agencies and private investors amplifies capital availability and policy coherence.
Indian Renewable Energy Development Agency Limited (IREDA.NS) - Mission Statement
Indian Renewable Energy Development Agency Limited (IREDA.NS) drives finance, advisory and development support to accelerate India's renewable transition. Its mission aligns operationally and financially with the vision of 'Expanding & transitioning renewable energy towards affordability, scalability & establishing sustainability in the country.'- Make renewable energy affordable and accessible across geographies and consumer segments.
- Scale financing structures to enable utility-scale and distributed renewable projects.
- Promote long-term sustainability through project viability, capacity building and innovation financing.
- Mobilize affordable capital and credit enhancements for solar, wind, hydro, bioenergy and hybrid projects.
- Design scalable financing solutions (project loans, refinancing, green bonds) to meet growing capacity needs.
- Support policy-driven targets and public-private partnerships to integrate renewables into the grid reliably.
| Indicator | Value / Note |
|---|---|
| India renewable capacity (ex-large hydro) | Over 170 GW (approx. figure as of 2023) |
| India national target | 500 GW renewable capacity by 2030 |
| Approx. solar capacity (India) | ~70 GW (2023) |
| Approx. wind capacity (India) | ~42 GW (2023) |
| IREDA - establishment | Established 1987; Central PSU under Ministry of New & Renewable Energy; listed as IREDA.NS |
- Project financing: Prioritize bankable, scalable projects that lower levelized cost of energy (LCOE) and increase access.
- Instrument innovation: Develop refinancing, syndication and credit enhancement tools to de-risk private capital entry.
- Sector diversification: Fund across solar, wind, small hydro, biomass, waste-to-energy and hybrid systems to balance supply variability.
- Capacity building: Provide technical assistance, due-diligence support and policy engagement to improve project viability and sustainability metrics.
| Levers | Purpose | Expected Outcome |
|---|---|---|
| Long-term project loans | Match asset life to financing tenor | Lower upfront tariff pressure, improve bankability |
| Green bonds / refinancing | Mobilize institutional investors | Scale capital availability for larger portfolios |
| Credit enhancement / guarantees | Mitigate perceived risks for private lenders | Increase private sector participation, reduce financing costs |
| Advisory & capacity building | Strengthen project preparation and structuring | Higher project success rate and sustainability |
Indian Renewable Energy Development Agency Limited (IREDA.NS) - Vision Statement
Indian Renewable Energy Development Agency Limited (IREDA.NS) envisions catalyzing India's transition to a low-carbon, energy-secure future by enabling large-scale deployment and financing of renewable energy, energy-efficiency and related sustainable technologies. The vision aligns with national targets (India's 500 GW renewable target by 2030) and positions IREDA as a specialised financing institution that bridges project gaps, de-risks new technologies, and mobilises capital at scale. Mission highlights- Provide affordable, long-term finance to renewable energy, energy efficiency, and clean technology projects across India.
- Support innovation and project viability through blended finance, credit enhancement, and technical assistance.
- Promote sustainability, carbon emissions reduction and inclusive green growth, especially in underserved regions.
- Integrity - transparent governance, compliance with public-sector norms, and disclosure practices that build stakeholder trust.
- Innovation - financing tailored to emerging technologies (battery storage, green hydrogen pilot projects, distributed energy resources) and support for R&D collaborations.
- Accountability - measurable targets, performance-linked lending, and regular public reporting to ensure outcomes for lenders, borrowers and the government.
- Sustainability - prioritising projects that reduce lifecycle carbon intensity and deliver social co-benefits (employment, rural electrification).
- Collaboration - partnerships with multilateral lenders, commercial banks, state agencies and private developers to mobilise blended capital and share technical risk.
| Attribute | Detail |
|---|---|
| Established | 1987 (Central Public Sector Enterprise under Ministry of New & Renewable Energy) |
| Primary role | Dedicated NBFC for renewable energy project financing and advisory |
| Strategic mandate | Mobilise finance, enable project bankability, and support national renewable targets |
| Geographic reach | Pan-India projects across utility-scale, rooftop, hybrid, and distributed energy |
- Integrity → Mandatory public disclosures and adherence to public audit-reinforces creditworthiness for concessional and commercial lenders.
- Innovation → Structured finance for newer segments (storage, green hydrogen), pilot concessional windows and technology risk-sharing instruments.
- Accountability → Project-level KPIs (capacity commissioned, timelines met, GWh generation, emissions avoided) tracked against loan covenants.
- Sustainability → Preference for projects that demonstrate lifecycle emissions reduction and alignment with national NDCs.
- Collaboration → Co-financing ratios with commercial banks, MDB lines, and state utilities to scale deployments quickly.
| Indicator | Context/Example |
|---|---|
| India renewable capacity (approx.) | ~175 GW installed renewable capacity (all-India, including wind & solar) - baseline for IREDA's market opportunity |
| National target | 500 GW renewable capacity by 2030 - scale of capital required |
| Project types financed | Utility-scale solar & wind, solar rooftops, biomass, small hydro, hybrid+storage, energy efficiency projects |
| Financing instruments | Term loans, syndicated loans, refinance windows, credit enhancement, viability gap support, green bonds |
- Project selection emphasizes environmental additionality and bankability: financial viability plus measurable emissions reductions.
- Product design emphasises blended structures that reflect innovation and collaboration-e.g., concessional co-finance to de-risk first-of-its-kind projects.
- Operational discipline and accountability ensure disciplined credit evaluation, post-sanction monitoring, and recovery frameworks that protect public funds.
- Capacity building and technical assistance programs help developers meet technical standards and speed up commissioning timelines.
| Outcome | Value driving it | Example metric |
|---|---|---|
| Increased project bankability | Collaboration, Innovation | Higher co-financing share from commercial banks per project |
| Faster deployment | Accountability, Integrity | Reduced average time from sanction to commissioning |
| Carbon impact | Sustainability | Tonnes CO2e avoided per MW commissioned (tracked per portfolio) |
| Investor confidence | Integrity, Transparency | Access to concessional MDB lines and favourable credit terms |
- Tailored lending windows for distributed renewables and off-grid systems to support energy access and inclusive growth.
- Support for green corporate financing via advisory and refinancing to scale private-sector investments.
- Partnerships with multilateral agencies to introduce blended capital and guarantees that reduce technology and offtake risk.
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