The Indian Renewable Energy Development Agency (IREDA) aims to boost lending in emerging renewable sectors like green hydrogen and electric mobility. Managing Director Pradip Kumar Das stated that energy transition requires attention to these sectors, anticipating higher returns despite current commercial viability challenges. The lending portfolio for newer sources is expected to increase from 18% to 50%. IREDA, focusing on solar, wind, and hydro project financing, plans to diversify into riskier, yet pivotal, areas. With a term loan outstanding of ₹47,206 crore, IREDA’s IPO aims to raise ₹2,150 crore, supporting future lending and capital needs.
IREDA Eyes Green Hydrogen and Electric Mobility Lending
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