RE-Invest: MNRE honours IREDA for RE financing

New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has been honoured by the Ministry of New & Renewable Energy (MNRE) at RE-INVEST 2024 for its significant contribution to India’s achievement of the 200 GW non-fossil installed capacity milestone, as the largest NBFC in the sector.

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IREDA CMD Pradip Kumar Das received recognition on Monday from the Union Minister for New and Renewable Energy Pralhad Joshi in the presence of the Chief Ministers of Andhra Pradesh, Madhya Pradesh, Rajasthan, Chhattisgarh and Goa.

As of June 30, IREDA has sanctioned loans worth Rs 1,99,673 crore (cumulative) and disbursed Rs 1,31,243 crore (cumulative) for renewable energy projects. In the financial year 2023-24, IREDA sanctioned Rs 37,354 crore and disbursed Rs 25,089 crore loans.

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