In a significant boost to India’s clean energy ambitions, the Indian Renewable Energy Development Agency Ltd (IREDA) has reported a strong financial performance for the fiscal year ending March 31, 2025, as per its provisional figures.

The government-owned financial institution, dedicated to promoting renewable energy, saw its loan sanctions surge by 27% to ₹47,453 crore, up from ₹37,354 crore in the previous fiscal year. Loan disbursements also climbed 20% year-on-year, reaching ₹30,168 crore, compared to ₹25,089 crore in FY 2023-24.

Reflecting this growth, IREDA’s outstanding loan book expanded by 28%, standing at ₹76,250 crore as of March 31, 2025, a notable increase from ₹59,698 crore in the preceding year. This upward trend highlights the agency’s expanding role in funding renewable energy and allied infrastructure projects across the country.

IREDA Chairman and Managing Director, Shri Pradip Kumar Das, emphasized the agency’s commitment to sustainable finance, stating that the timely disclosure of performance on the financial year’s final day underscores its dedication to corporate transparency and governance.

“The consistent rise in loan sanctions, disbursements, and the overall loan book is a testament to our strategic focus on empowering India’s renewable energy sector,” said Shri Das. “Our mission remains clear — to drive the clean energy transition through innovative and inclusive financing models.”

He extended gratitude to the Union Minister, Union Minister of State, the Ministry of New & Renewable Energy (MNRE), and other government stakeholders for their continuous support. Shri Das also lauded the IREDA team for their unwavering commitment, which he credited as the cornerstone of the agency’s success.

IREDA’s performance reinforces its crucial role in aligning financial instruments with India’s climate goals and energy security. As renewable energy assumes greater importance in the national agenda, institutions like IREDA are pivotal in bridging financing gaps and catalyzing large-scale green infrastructure projects.

With its expanding portfolio and a strong governance ethos, IREDA continues to be a key player in India’s march toward a sustainable and self-reliant energy future.