Solar Power Future: How Renewable Energy Will Transform the World

From Green Dreams to Green Reality: IREDA's Impact on India's Energy Landscape

Short Information About (IREDA)

Indian Renewable Energy Development Agency (IREDA) is a public sector undertaking under the Ministry of New and Renewable Energy (MNRE), Government of India. Established in 1987, IREDA is a Non-Banking Financial Institution (NBFI) that plays a crucial role in promoting and financing renewable energy (RE) and energy efficiency (EE) projects in India.

Work of IREDA

Mission and Vision:

• Mission: "Be a pioneering, participant friendly and competitive institution for financing and promoting self-sustaining investment in energy generation from Renewable Sources, Energy Efficiency and Environmental Technologies for sustainable development."
• Vision: "To be a world-class financial institution for sustainable energy development."

Key Activities:

• Provides financial assistance (loans, grants, etc.) to RE and EE projects across various sectors like solar, wind, biomass, small hydro, geothermal, energy efficiency in buildings, industries, and municipalities.
• Offers consultancy services to project developers and government agencies.
• Undertakes research and development (R&D) activities in the RE and EE sector.
• Raises awareness about RE and EE through various initiatives.

Achievements:

• Financed over 200 GW of RE capacity as of January 2024.
• Disbursed over ₹12,400 crores in loans in 2022-23.
• Won several awards, including "Green Energy Award" in 2023 and "CNBC-TV18 ICICI Bank Leaders Award" for "Best NBFC - Renewable Energy" in 2023.

Impact:

• IREDA's contributions have helped India significantly increase its RE capacity and reduce its dependence on fossil fuels.
• The agency has also played a vital role in creating green jobs and promoting sustainable development.

Future Outlook:

• IREDA aims to play a key role in achieving India's ambitious target of 500 GW of RE capacity by 2030.
• The agency is also focusing on diversifying its portfolio into new areas like green hydrogen and electric vehicles.

Here are some additional details about IREDA:

• Website: https://www.ireda.in/home
• Headquarters: New Delhi, India
• Chairman & Managing Director: Shri Pradip Kumar Gupta
• Number of Employees: Around 400

What is IREDA Company Records?

When you say "IREDA Company Records," it can refer to various aspects of the Indian Renewable Energy Development Agency Limited (IREDA). To give you the most relevant information, I need a bit more context. What specifically are you interested in about IREDA's records? Some possible areas you might be interested in include:

• Financial performance: This could include things like IREDA's profits, loan disbursements, or stock market performance.
• Project financing: This could include the amount of renewable energy capacity IREDA has financed, the number of projects they've funded, or the types of projects they support.
• Awards and recognitions: IREDA has won several awards for its work in the renewable energy sector. You might be interested in learning more about these awards.
• Other company milestones: IREDA has a long history of supporting renewable energy development in India. You might be interested in some of the key milestones or achievements from their past.