The Indian Renewable Energy Development Agency Limited (IREDA) is a “Navratna” Government of India Enterprise…
It come under the administrative control of the Ministry of New & Renewable Energy (MNRE) . It was established in 1987 with the objective of promoting, developing, and providing financial assistance for projects related to new and renewable sources of energy and energy efficiency/conservation .
IREDA is a Public Limited Government Company and a Non-Banking Financial Institution (NBFI) . It went public with an initial public offering (IPO) in November 2023, listing on the NSE and BSE .
Key objectives and policies of IREDA include financing renewable energy projects, supporting green power capacity, financing solar manufacturing units, and encouraging the use of renewable energy for sustainable growth .
The Indian Renewable Energy Development Agency Limited (IREDA) has recently received “Excellent” ratings . This marks the fourth consecutive year that IREDA has achieved this rating for its performance under the Memorandum of Understanding (MoU) signed with the Ministry of New & Renewable Energy .
IREDA was also ranked among the top 4 Central Public Sector Enterprises (CPSEs) and holds the No. 1 position in the Power and NBFC sector for FY 2023-24, according to the Department of Public Enterprises (DPE) . This achievement reflects the company’s performance and its role in India’s renewable energy sector .For Renewable energy www.eminentnews.com …
