IREDA has to cater to the increasing needs of the sector to sustain its contribution to the Renewable Energy Sector. Government of India has scaled-up the RE targets to 175 GW by the year 2022. To achieve this ambitious target, substantial investments in RE sector will be required.

Background
IREDA is a Public Financial Institution established in March, 1987 under the Company's Act, 1956. IREDA is registered as Non-Banking Financial Company with the Reserve Bank of India.  Since its inception, IREDA has played a pioneering role in supporting and facilitating the policies and program of the Ministry of New & Renewable Energy (mnre) that has nurtured the renewable energy industry in the country.  IREDA has primarily worked with the private sector enterprises operating in the power sector. For the last three decades, IREDA has been supporting establishment of renewable energy projects and has greatly succeeded in commercialization of sustainable energy technologies in the country.

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