IREDA to sanction Rs 13,000 cr for clean energy projects
State-run Indian Renewable Energy Development Agency (IREDA) has said that it will sanction Rs 13,000 crore for clean energy projects next fiscal in the country, vying for around 20 per cent of the loan market share.
As per reports, with the government aiming at adding around 15 to 16 GW of clean energy projects, including solar and wind, there would be total credit market size of around Rs 65,000 crore.
Commenting on the issue, IREDA Chairman K S Popli told the media, "We have planned to sanction around Rs 13,000 crore credit to clean energy project developers in the country in next financial year, which would be around 20 per cent of the market share."
“IREDA would be able to release around Rs 8,000 crore for these clean energy projects in country. IREDA has sanctioned around Rs 37,000 crore of credit for clean energy projects in the country so far and has released around Rs 28,000 crore to developers, which aids generation capacity of around 7,000 MW,” he added.