August 2017 \ Cover Story \ Cover Story
IREDA—Green Power House

In 2015, the Government of India ramped up its target for solar energy five-fold – from 20 GW to 100 GW. Of this, 40 GW is to be added under the solar park scheme.


IREDA increased its financing of green energy projects considerably in 2016-17, crossing the milestone of Rs 10,000 crore in a single year for the first time. IREDA provided loans of Rs 10,200 crore through 2016-17 for 112 clean energy projects across solar, wind, small hydro and biogas. In the coming year, IREDA has plans to finance similar projects to the tune of Rs 12,500-13,000 crore. IREDA nearly doubled its support for solar projects to Rs 4,785.87 crore in 2016-17 from Rs 2,684.68 crore in 2015-16, but its financing of wind projects dropped slightly to Rs 2,511.69 crore from Rs 2,735.51crore.

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Tags: solar energy