Profile
Settings
Refer your friends
Sign out
Indian Renewable Energy Development Agency Limited (IREDA) is a public sector financial institution established in 1987 under the Ministry of New and Renewable Energy, Government of India. IREDA is the only nodal agency for financing renewable energy projects. With the government putting more money into Ireda, India’s renewable energy sector will see greater growth and development. With this move, the government has sent a clear signal that it is committed to promoting clean energy and needs to ensure that India’s position as a global leader in renewables continues.
Key features of Indian renewable energy development agency limited
The key features of the cabinet’s approval of an equity infusion of Rs.1500 crore in Ireda are as follows:
– The infusion will help Ireda to achieve its target of becoming a Rs.1 trillion company by 2021
– Ireda has been working on expanding its footprint in the renewable energy sector, and the equity infusion will help it to continue its expansion
– The infusion will also help Ireda to meet its working capital requirements
– Ireda has been designated as a ‘Navratna’ public sector enterprise and is one of the largest renewable energy financing institutions in the country
Indian Renewable Energy Development Agency Limited (IREDA) offers loans and guarantees to renewable energy projects in India. It has played a critical role in encouraging investment in the renewable energy sector and has been instrumental in driving growth and development in this important sector. With the government’s recent announcement of an equity infusion of Rs.1500 crore in the Indian Renewable Energy Development Agency Limited (IREDA), it is clear that the government remains committed to supporting clean energy initiatives in India. This will help IREDA to continue its expansion, as well as help, meet its working capital requirements. As a leading renewable energy financing institution, IREDA plays an important role in supporting the development of clean energy technologies and projects. With the government’s continued support and investment in this sector, we can expect to see further growth and innovation in Indian renewable energy in the years to come. The next section will look at some of the key players in India’s renewable energy sector and how they contribute to this important industry’s growth.
Cabinet approves infusion of rs.1500 crore in Indian IREDA.
The cabinet has approved an infusion of Rs.1500 crore in the Indian Renewable Energy Development Agency Limited (IREDA). This is a positive development for the renewable energy sector in India and is likely to lead to greater growth and development in the coming years. IREDA is a public sector financial institution established in 1987 under the Ministry of New and Renewable Energy, Government of India. It is the only nodal agency in the country for financing renewable energy projects and has been instrumental in driving growth and development in this important sector. Some key players in IREDA’s success include Suzlon, a leading wind turbine manufacturer that has developed innovative technologies for harnessing clean energy, and SunEdison, a solar power company that has helped drive the adoption of solar photovoltaic (PV) technology in India.
Why will Rs.1500-crore equity injection help Indian renewable energy development agency limited expand its operations?
The Government of India’s Rs.1500-crore equity injection will help IREDA expand its operations:
- To provide Rs.12,000 crore in additional capital to the RE sector, allowing it to meet its debt obligations for an extra 3500-4000 MW of capacity.
- To improve its net worth, which will aid it in obtaining additional RE financing and thus contribute more to the Government of India’s RE goals.
- To enhance its lending and borrowing operations, the bank wanted to increase its capital-to-risk weighted assets ratio (CRAR).
What did Anurag Thakur, a Union Minister, say on IREDA?
On Wednesday, the Union Cabinet decided to invest Rs 1,500 crore in the Indian Renewable Energy Development Agency Limited (IREDA). This will enable IREDA to issue loans worth Rs 12,000 crore to the renewable energy sector. Anurag Thakur, a Union Minister, stated that this would allow IREDA to grant credits. Following the Cabinet meeting, CM Dhankhar said that the decision was taken in response to the Reserve Bank of India’s requirements. He explained that this government measure would enable IREDA to develop 3,500 to 4,000 MW of renewable energy capacity.
Conclusion:
The Indian Renewable Energy Development Agency Limited (IREDA) is a Mini Ratna (Category I) government of India business run by the Ministry of New and Renewable Energy. The Energy Development Agency is a Public Limited Company incorporated as a Non-Banking Financial Institution in 1987 that provides financial backing for projects connected to new and renewable sources of energy and energy efficiency/conservation, with the goal of “ENERGY FOR EVER.” This was the guide to Indian Renewable Energy Development Agency (IREDA full form); the cabinet approved infusion of rs.1500 crore in Indian IREDA.
