IREDA, a Mini Ratna (Category - I) firm under the Ministry of New and Renewable Energy, took part in the three-day "Intersolar Europe 2023" exhibition in Munich, Germany.
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Key Points:
• The pavilion was inaugurated by IREDA's CMD, Pradip Kumar Das, who expressed the company's commitment to a greener future.
• During the exhibition, IREDA officials attended meetings with KfW Development Bank and Commerz Bank to review current progress and explore partnership opportunities.
• IREDA officials also paid a visit to RCT GMbH to review the Indosol Solar Manufacturing project's technology, milestones, and costs.
• IREDA’s participation highlights their ongoing dedication to the global Renewable Energy landscape and sustainable development practices, contributing towards India’s Renewable Energy goals and climate change challenges.
Aim:
• The exhibition aimed to educate visitors on IREDA’s initiatives in financing renewable energy projects, promoting energy efficiency, and promoting the growth of renewable energy in India.
• IREDA’s pavilion served as a platform for visitors to network and explore potential business opportunities, particularly during the crucial time of energy transition and IREDA’s Initial Public Offering (IPO) plan.
About IREDA:
IREDA stands for Indian Renewable Energy Development Agency and is a financial institution that is wholly owned by the government of India. Established in the year 1987, IREDA primarily focuses on the development and promotion of renewable energy technologies, such as solar, wind, hydro, and biomass.
The agency lends money to various renewable energy projects in India, including those run by the government and the commercial sector. The primary goal of IREDA is to promote, develop, and give financial assistance for the development and commissioning of new and renewable energy-based power plants in India. The agency also provides financial assistance for research and development in renewable energy technologies, energy conservation, and energy efficiency-related activities. Besides its core functions, IREDA also offers technical advisory services, project management, and capacity-building support for renewable energy projects. The agency is a significant contributor to India's objective of 175 GW of renewable energy generation by 2022.
