Surge in IREDA's Loan Sanctions Fuels Renewable Energy Growth

The Indian Renewable Energy Development Agency posted a significant 29% increase in loan sanctions, reaching Rs 11,740 crore in the June quarter of FY25. This marked improvement in financial performance underscores IREDA's pivotal role in promoting renewable energy in India through effective financing solutions.

In an impressive start to the financial year, the Indian Renewable Energy Development Agency (IREDA) has logged a 29% growth in loan sanctions, amounting to Rs 11,740 crore in the June quarter, up from Rs 9,136 crore the previous year.

According to provisional data, IREDA's loan disbursements saw a 31% rise to Rs 6,981 crore compared to Rs 5,326 crore in the first quarter of FY25. This upward trend in financial metrics highlights the agency's role in advancing India's renewable energy sector.

At the end of June 2025, IREDA's outstanding loan book soared to Rs 79,960 crore, marking a 27% increase from the previous year. CMD Pradip Kumar Das emphasized the agency's readiness to meet rising demand with effective financing strategies.

(With inputs from agencies.)