IREDA plans a Rs 4,500 crore fundraise for India's renewable energy sector, supporting the 500GW capacity goal by 2030.
IREDA, India's renewable energy finance provider, aims to raise up to Rs 4,500 crore to strengthen the country's renewable energy sector. The funds will be raised through multiple methods, including FPO, QIP, Right Issue, Preferential Issue, or any other approved ways, subject to government and statutory approvals. This fundraiser is crucial for India's goal of reaching 500GW of renewable energy capacity by 2030, requiring an annual addition of approximately 50GW.
August 21, 2024
15 Articles