The Indian Renewable Energy Development Agency (IREDA) has successfully mobilized ₹4.53 billion by issuing perpetual bonds, reinforcing its efforts to scale up clean energy financing across the country.
According to the company, the issue received strong investor interest, reflecting growing confidence in India’s renewable energy sector and IREDA’s role as a key financier in the transition to green energy. The funds raised will be directed toward supporting solar, wind, hydro, and other renewable projects, ensuring steady capital flow for developers.
Officials highlighted that perpetual bonds provide a long-term funding avenue, enabling IREDA to strengthen its balance sheet while maintaining flexibility for future growth. This latest fundraising initiative is expected to contribute significantly to India’s 500 GW renewable energy capacity target by 2030.
With this step, IREDA continues to position itself as a critical catalyst in India’s clean energy mission, bridging the financing gap for sustainable projects and encouraging private sector participation.