Indian Renewable Energy Development Agency

Price Chart

• Indian Renewable Energy Development Agency Limited (IREDA) is a wholly owned Government of India (“GoI”) enterprise under the administrative control of the Ministry of New and Renewable Energy (the “MNRE”). The company is registered with the Reserve Bank of India (the “RBI”) as a Systemically Important Non-Deposit-taking Non-Banking Finance Company (a “NBFCND-SI”), with Infrastructure Finance Company (“IFC”) status. The company also conferred with the Mini Ratna (Category I) status in June 2015 by the Department of Public Enterprises.
  
• The company is a financial institution with over 36 years of experience in the business of promoting, developing and extending financial assistance for new and renewable energy (“RE”) projects, and energy efficiency and conservation (“EEC”) projects. The company provide a comprehensive range of financial products and related services, from project conceptualization to post-commissioning, for RE projects and other value chain activities, such as equipment manufacturing and transmission.
• The company has financed projects across multiple RE sectors such as solar power, wind power, hydro power, transmission, biomass including bagasse and industrial co-generation, waste-to-energy, ethanol, compressed biogas, hybrid RE, EEC and green-mobility. The company also offer financial products and schemes for new and emerging RE technologies such as, biofuel, green hydrogen and its derivatives, battery energy storage systems, fuel cells, and hybrid RE projects.
• The company's non-fund-based products include letter of comfort, letter of undertaking, payment on order instruments and guarantee assistance schemes. Further, the company provide consulting services on techno-commercial issues relating to the RE sector.
• The company has been established as an integral part of, and have played a strategic role in the GoI’s initiatives for the promotion and development of the RE sector in India. Company was directly involved in implementing several significant schemes launched by the MNRE. Company was the fund handling agency for the Credit Linked Capital Subsidy Scheme. Further, the company has been designated as the Central Nodal Agency for the National Bioenergy Programme
  (Phase I) for the Scheme to Support Manufacturing of Briquettes and Pellets and Promotion of Biomass (nonbagasse) based co-generation in Industries and the Programme on Energy from Urban, Industrial, Agricultural Waste/ Residues. The company was also the implementing agency for the Central Public Sector Undertaking (Government Producer Scheme) (Phase 2 Tranche III), Generation Based Incentive Scheme as well as the Rooftop, PV and Small Solar Generation Programme and the National Programme on High Efficiency Solar PV Modules under the Production Linked Incentive Scheme (Tranche I).
• In addition to the financial products and services, the company also own 50 MW Solar Photovoltaic Project at Kasaragod Solar Park in the State of Kerala. The project generates power which is injected into the grid of Kerala State Electricity Board. The project was fully commissioned in September 2017.
• The company was incorporated on 17th October 1995 and has its registered office at India Habitat Centre, East Court, Core 4A, 1st Floor, Lodhi Road, New Delhi