IREDA INCREASES ITS FINANCING OF GREEN ENERGY PROJECTS CONSIDERABLY

NEW DELHI: The Indian Renewable Energy Development Agency 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, we plan to do Rs 12,500-13,000 crore,” said KS Popli, chairman and managing director.