Indian Renewable Energy Development Agency (IREDA)

  • Indian Renewable Energy Development Agency(IREDA) is a Mini Ratna Enterprise of the Government of India. It was founded in 1987.
  • Purpose: IREDA promotes, develops, and extends financial assistance for setting up projects relating to new and renewable sources of energy.
  • Nodal Ministry: It comes under the administrative control of the Ministry of New and Renewable Energy (MNRE).
  • Registered under: IREDA has been notified as a Public Financial Institution under Companies Act,1956. It is registered as Non-Banking Financial Company(NFBC) with Reserve Bank of India(RBI).
  • Motto: IREDA’s Motto is “Energy for Ever.”
  • Significance: It is the only dedicated institution for financing Renewable Energy (RE) & Energy Efficiency (EE) projects in India.

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