The Indian Renewable Energy Development Agency Limited (IREDA) reported a 27% increase in loan sanctions for FY 2024-25, reaching Rs 474.53 billion. The company praised the Union Minister for New & Renewable Energy, MNRE officials, regulators, and the Board of Directors for their support. Loan disbursements also increased by.
Union Minister for New & Renewable Energy 20% to Rs 301.68 billion, and the outstanding loan book expanded by 28% to Rs 762.5 billion. New Delhi, April 1, 2025 – The Indian Renewable Energy Development Agency (IREDA) has reported a 27% year-on-year surge in loan sanctions, reaching Rs 474.53 billion in the financial.
Key Financial Highlights : According to IREDA’s latest financial report year 2024-25. This significant increase highlights the growing momentum in India’s renewable rose by 27%, from Rs 373.6 billion in FY 2023-24 to Rs 474.53 billion in FY 2024-25. energy sector and the strong financial backing for sustainable projects.
- The company’s net profit grew by [percentage], reflecting strong operational efficiency and increasing demand for renewable energy financing. The non-performing asset (NPA) ratio IREDA has expanded its loan offerings to emerging sectors like green hydrogen, offshore wind energy, and battery storage projects remained under control at [percentage], showcasing IREDA’s robust risk management The surge in loan sanctions can be attributed to multiple factors strategies.
Government Push for Renewable Energy – India’s target of achieving 500 GW of renewable energy capacity by 2030 has accelerated financing for solar, wind, and hybrid projects Companies and state governments are increasingly relying on IREDA has expanded its loan offerings to emerging sectors like green hydrogen, offshore wind energy, and battery storage projects.
- Favorable Policy Environment – Policies such as Production-Linked Incentives (PLI) for solar module manufacturing and viability gap funding for offshore wind projects have During the year, IREDA played a crucial role in financing several high-impact renewable energy sustainability goals and green energy transition. projects, including encouraged greater investments IREDA’s financial support to execute large-scale clean energy initiatives.
500 MW Solar Power Project in Rajasthan – A landmark initiative supporting India’s solar energy expansion Strengthening wind power generation and grid stability Major funded projects include Enhancing the electric vehicle ecosystem by financing nationwide charging solar, energy, reinforcing its role in India’s networks. Funding pilot projects in green hydrogen to support India’s net-zero ambitions.
- IREDA’s Vision for the Future
Looking ahead, IREDA aims to further strengthen its support for India’s clean energy transition. Speaking on the agency’s performance, Chairman and Managing Director [Name] stated, “We are committed to fueling India’s green growth trajectory by providing accessible and affordable financing for renewable energy projects. Our focus remains on innovation, risk mitigation, and strategic partnerships.”
Market Response and Industry Outlook
The financial sector has responded positively to IREDA’s strong performance, with its stock price witnessing an upward trend. Industry experts believe that IREDA’s growth trajectory will continue, driven by increasing investments in solar, wind, and aims to further strengthen financing for clean emerging clean technologies.
With India’s renewable energy sector expanding at an unprecedented pace, IREDA is expected to play a crucial role in achieving the country’s sustainability goals. The wind, and green hydrogen initiatives. IREDA surge in loan sanctions signals robust investor confidence and reinforces IREDA’s position as a key enabler of India’s green energy revolution.
New Delhi, April 1, 2025 – The Indian Renewable Energy Development Agency TO projects include solar, wind, and (IREDA) reported a 27% rise in loan sanctions, reaching Rs 474.53 billion in FY 2024-25. This growth is driven by India’s push for renewable energy, increased demand for green financing, and policy support.
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