Indian Renewable Energy Development Agency Limited (IREDA) is an Indian

public sector The public sector, also called the state sector, is the part of the economy composed of both public services and public enterprises. Public sectors include the public goods and governmental services such as the military, law enforcement, pu ...

enterprise which provides financial assistance and other services to projects related to

renewable sources of energy Renewable energy (also called green energy) is energy made from renewable resource, renewable natural resources that are replenished on a human lifetime, human timescale. The most widely used renewable energy types are solar energy, wind pow ...

and

energy efficiency Energy efficiency may refer to: * Energy efficiency (physics), the ratio between the useful output and input of an energy conversion process ** Electrical efficiency, useful power output per electrical power consumed ** Mechanical efficiency, a rat ...

/ conservation. Formed in 1987, IREDA is a Navratna organisation owned by the

Government of India The Government of India (ISO 15919, ISO: Bhārata Sarakāra, legally the Union Government or Union of India or the Central Government) is the national authority of the Republic of India, located in South Asia, consisting of States and union t ...

and administratively controlled by the

Ministry of New and Renewable Energy The Ministry of New and Renewable Energy (MNRE) is a ministry of the Government of India, headed by current cabinet (government), Union Cabinet Minister Pralhad Joshi, that is mainly responsible for research and development, intellectual prope ...

(MNRE). In November 2023, IREDA went

public In public relations and communication science, publics are groups of individual people, and the public (a.k.a. the general public) is the totality of such groupings. This is a different concept to the sociology, sociological concept of the ''Öf ...

with an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ...

(IPO), listing on NSE and BSE.

Operations

Indian Renewable Energy Development Agency Limited is a Public Limited Government Company and a Non-Banking Financial Institution formed with the objective of promoting, developing and extending financial assistance for setting up projects relating to new and renewable sources of energy and energy efficiency/conservation. It is under the administrative control of Ministry of New and Renewable Energy (MNRE). On 26 April 2024, IREDA was granted "Navratna" status by the Department of Public Enterprises (DPE).

Objectives and policies

* Financing renewable energy projects. * Supporting green power capacity. * Financing the setting up of solar manufacturing units. * Encourage the use of renewable energy to foster sustainable growth.

References

{{Reflist

External links

Official website
Renewable energy companies of India Companies based in New Delhi Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange 2023 initial public offerings