The Indian Renewable Energy Development Agency (IREDA) is a pivotal organization in India’s renewable energy sector, serving as a financial catalyst for the nation's transition to sustainable energy.
Established in 1987 as a Public Limited Government Company, IREDA operates under the Ministry of New and Renewable Energy (MNRE), Government of India.
Its primary objective is to promote, develop, and extend financial support for renewable energy and energy efficiency projects in India.
Over the decades, IREDA has played a crucial role in transforming India's energy landscape, facilitating the country’s ambitious targets for renewable energy capacity
India's energy sector has traditionally been dominated by fossil fuels, particularly coal.
However, with the growing concerns over climate change and the need for sustainable development, there has been a significant shift towards renewable energy sources.