The Indian Renewable Energy Development Agency Limited (IREDA) has achieved an ‘Excellent’ rating for its performance Memorandum of Understanding (MoU) with the Ministry of New and Renewable Energy (MNRE) for the financial year 2023-24.
Securing a remarkable score of 98.24, the milestone highlights IREDA’s consistent commitment to excellence in operations and corporate governance.
A Streak of Success
This is the fourth year in a row that IREDA has received the highest rating, demonstrating its steady growth and reliability.
The organization’s performance in previous years further cements its leadership in India’s renewable energy sector:
- FY 2022-23: 93.50
- FY 2021-22: 96.54
- FY 2020-21: 96.93
The impressive scores reflect IREDA’s pivotal role in advancing India’s renewable energy targets.
Leadership Acknowledges the Achievement
Pradip Kumar Das, Chairman and Managing Director of IREDA stated, “Securing the ‘Excellent’ rating for the fourth consecutive year is a testament to the relentless dedication of our employees, the trust of our stakeholders, and the visionary support from the Government of India. Together, we are driving India’s transition towards a sustainable, green energy future.”
Milestones Driving Renewable Energy Growth
IREDA’s achievements underline its critical role in supporting India’s renewable energy transformation.
Notable milestones include:
- Expanding financial assistance to renewable energy projects across solar, wind, and bio-energy sectors.
- Launching innovative financing models to encourage renewable energy adoption.
- Supporting small and medium enterprises (SMEs) in transitioning to cleaner energy sources.
Aligning with India’s Ambitious Energy Goals
IREDA remains instrumental in helping India achieve its target of 500 GW of non-fossil fuel capacity by 2030.
By leveraging technological innovation, fostering partnerships, and aligning with supportive policies, IREDA continues to accelerate the nation’s transition to renewable energy.
A Vision for the Future
With its unwavering focus on sustainability, IREDA aims to set new benchmarks in renewable energy financing and development.
Its consistent performance not only reinforces its leadership role in shaping India’s energy landscape but also contributes significantly to global climate goals.
As reported by devdiscourse.com, through dedication and innovation, IREDA is driving a greener and more sustainable future for India and the world.
