Indian Renewable Energy Development Agency Limited (IREDA) is a leading public financial institution under the Ministry of New and Renewable Energy, Government of India. Established in 1987, IREDA aims to promote, develop, and extend financial assistance for renewable energy and energy efficiency projects across India.

The company offers various financial products and services including project financing, refinancing, term loans, equipment leasing, bill discounting, bridge loans, etc., to facilitate the development of renewable energy projects such as solar power, wind power, small hydro power plants, bio-energy projects among others.

IREDA plays a crucial role in fostering sustainable growth by providing low-cost finance options geared towards reducing the carbon footprint while promoting green technologies. It also provides technical expertise and advisory services to aid in project development and implementation.

An innovative aspect that sets IREDA apart from its competitors includes its focus on leveraging cutting-edge technology within the renewable energy sector. The company continuously explores new trends in clean energy solutions that contribute significantly to environmental conservation efforts.

One factor contributing to IREDA's distinction is its strategic collaborations with international organizations like KfW (Germany), AFD (France), JICA (Japan), World Bank through GEF (Global Environment Facility). These partnerships enhance IREDA’s capacity to fund large-scale renewable energy projects efficiently.