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IREDA at Intersolar Europe 2023 in Munich

IREDA, a Mini Ratna (Category – I) enterprise under the Ministry of New and Renewable Energy, participated in the prestigious three-day “Intersolar Europe 2023” exhibition held in Munich, Germany.

Key Points:

  • The inauguration of the pavilion was carried out by CMD, IREDA, Pradip Kumar Das, who expressed the firm’s dedication towards 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 visited RCT GMbH to discuss the technology, milestones, and costs related to the Indosol Solar Manufacturing project.
  • 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.

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  • 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: 

  1. IREDA stands for Indian Renewable Energy Development Agency and is a financial institution that is wholly owned by the government of India.
  2. Established in the year 1987, IREDA primarily focuses on the development and promotion of renewable energy technologies, such as solar, wind, hydro, and biomass.
  3. The agency provides financial assistance to various renewable energy projects in India, including government and private sectors.
  4. IREDA’s main objective is to promote, develop, and extend financial assistance for the construction and commissioning of new and renewable sources of energy-based power projects in India.
  5. The agency also provides financial assistance for research and development in renewable energy technologies, energy conservation, and energy efficiency-related activities.
  6. Besides its core functions, IREDA also offers technical advisory services, project management, and capacity-building support for renewable energy projects. The agency is one of the major contributors to India’s target of achieving 175 GW of renewable energy capacity by 2022.

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