IREDA records a 17 per cent increase in gross income during 2019-20

The Indian Renewable Energy Development Agency (IREDA) recently held its 33rd annual general meeting and reported a gross income of Rs 23.72 billion for 2019-20, registering a growth of 17.32 per cent. IREDA sanctioned loans worth Rs 126.96 billion, including co-financed projects/takeover loans, which will support a capacity addition of 5,673 MW, as against 3,266 MW last year. In addition, IREDA intends to continue its efforts with various international and multilateral lenders for new lines of credit to meet the resource needs of the renewable energy sector.


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