In a significant boost to India’s clean energy transition, the Indian Renewable Energy Development Agency (IREDA) has successfully raised ₹2,000 crore through a qualified institutional placement (QIP) of equity shares. This strategic capital infusion will be used to enhance IREDA’s lending capacity, supporting renewable energy and green infrastructure projects across the country.
The share sale, which attracted strong participation from domestic and global institutional investors, marks a major milestone in IREDA’s efforts to strengthen its financial base and scale up funding for clean energy initiatives. Commenting on the development, IREDA Chairman and Managing Director Pradip Kumar Das stated that the funds raised will help the agency play an even more vital role in meeting India’s ambitious renewable energy targets, including the goal of 500 GW of non-fossil fuel capacity by 2030.
The QIP reflects investor confidence in India’s green energy roadmap and IREDA’s robust project pipeline, which spans solar, wind, bioenergy, small hydro, and energy efficiency sectors. With this successful fundraising, IREDA is better positioned to catalyze sustainable growth in the country’s energy ecosystem.
