IREDA Board Approves Program for FY 2024-25
POWER & RENEWABLE ENERGY

IREDA Board Approves Program for FY 2024-25

The Indian Renewable Energy Development Agency Limited (IREDA) has announced its ambitious program for the fiscal year 2024-25, aimed at bolstering renewable energy endeavours across the country. The decision was made following the approval of the program by the IREDA board.

IREDA, a premier financial institution dedicated to promoting and financing renewable energy projects, aims to significantly ramp up its activities in the upcoming fiscal year. The approved program encompasses a wide range of initiatives and funding mechanisms designed to accelerate the adoption and deployment of renewable energy technologies.

Under the program, IREDA will focus on extending financial assistance to various renewable energy projects, including solar, wind, biomass, and hydropower. The agency aims to support both utility-scale projects as well as decentralised renewable energy systems to cater to diverse energy needs across different regions of India.

Additionally, IREDA plans to enhance its efforts in promoting energy efficiency measures and sustainable practices within the renewable energy sector. This includes initiatives such as providing financial incentives for energy conservation and implementing energy-efficient technologies in renewable energy projects.

The approved program reflects IREDA's commitment to playing a pivotal role in India's transition towards a cleaner and more sustainable energy future. By facilitating access to finance and promoting innovative renewable energy solutions, IREDA aims to contribute significantly to the country's renewable energy targets and its broader climate goals.

Overall, the approval of the program for the fiscal year 2024-25 signals a renewed focus and determination by IREDA to drive forward India's renewable energy agenda and accelerate the pace of renewable energy adoption in the country.

The Indian Renewable Energy Development Agency Limited (IREDA) has announced its ambitious program for the fiscal year 2024-25, aimed at bolstering renewable energy endeavours across the country. The decision was made following the approval of the program by the IREDA board. IREDA, a premier financial institution dedicated to promoting and financing renewable energy projects, aims to significantly ramp up its activities in the upcoming fiscal year. The approved program encompasses a wide range of initiatives and funding mechanisms designed to accelerate the adoption and deployment of renewable energy technologies. Under the program, IREDA will focus on extending financial assistance to various renewable energy projects, including solar, wind, biomass, and hydropower. The agency aims to support both utility-scale projects as well as decentralised renewable energy systems to cater to diverse energy needs across different regions of India. Additionally, IREDA plans to enhance its efforts in promoting energy efficiency measures and sustainable practices within the renewable energy sector. This includes initiatives such as providing financial incentives for energy conservation and implementing energy-efficient technologies in renewable energy projects. The approved program reflects IREDA's commitment to playing a pivotal role in India's transition towards a cleaner and more sustainable energy future. By facilitating access to finance and promoting innovative renewable energy solutions, IREDA aims to contribute significantly to the country's renewable energy targets and its broader climate goals. Overall, the approval of the program for the fiscal year 2024-25 signals a renewed focus and determination by IREDA to drive forward India's renewable energy agenda and accelerate the pace of renewable energy adoption in the country.

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?