IREDA to raise Rs 29,500 cr in FY 2025 for international expansion

04 Sep 2024 CW Team

The Indian Renewable Energy Development Agency (IREDA) plans to raise ?29,500 crore in the fiscal year 2025 to fund its international expansion efforts. This significant financial move aims to enhance IREDA's capabilities and extend its reach beyond domestic borders.

The funds will be allocated towards scaling up renewable energy projects and exploring new markets internationally. This strategic expansion is designed to strengthen IREDA's global presence and support the growth of renewable energy infrastructure worldwide.

IREDA's initiative reflects its commitment to advancing sustainable energy solutions and underscores its role in the global renewable energy sector. The planned capital raise is expected to bolster the agency?s ability to drive international projects and partnerships.

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