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IREDA’s Loan Approvals for Renewables Grows 129% YoY in Q3

Disbursements grew by 41%, reaching ₹172.36 billion (~$2 billion) in 2024

January 2, 2025

/ Gautamee Hazarika
/ Markets & Policy, Renewable Energy
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Government-owned lender Indian Renewable Energy Development Agency (IREDA) loan approvals surged to ₹310.87 billion (~$3.6 billion) in the third quarter (Q3) of the financial year (FY) 2024-25, a 129% year-over-year increase compared to ₹135.58 billion (~$1.58 billion).

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Gautamee Hazarika

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