IREDA launches foreign currency debt office in GIFT city to boost green energy financing

Indian Renewable Energy Development Agency Limited (IREDA) has inaugurated a new office in Gujarat International Finance Tec-City (GIFT), Gandhinagar, dedicated to offering debt options denominated in foreign currencies.

This strategic move aims to support green hydrogen and renewable energy manufacturing projects by enabling natural hedging and substantial reductions in financing costs. IREDA has been at the forefront of renewable energy financing through the provision of innovative products for emerging technologies at competitive rates and is committed to support the deployment of energy storage technologies in India.