It will help generate 10,200 jobs a year and reduce carbon emissions equivalent to approximately 7.49 million tonnes per year. The IREDA played a big role in the field of renewable energy and its portfolio had increased from ₹8,800 crore to ₹28,000 crore in the past six years.
IREDA is a Non-Banking Financial Institution engaged in promoting, developing, and extending financial assistance for setting up projects relating to new and renewable sources of energy.
Important takeaways for all competitive exams:
- IREDA Founded: 1987
- IREDA Headquarters: New Delhi
- IREDA Chairperson: Pradip Kumar Das