New Delhi: Indian Renewable Energy Development Agency Limited (IREDA) has successfully secured an External Commercial Borrowing (ECB) facility of JPY 28 billion from Sumitomo Mitsui Banking Corporation, marking a significant step in strengthening its international funding base.
The facility also includes a greenshoe option of JPY 12 billion and will be utilised to support IREDA’s sustainable financing initiatives, reflecting the agency’s commitment to advancing renewable energy projects in India.
Five-Year Unsecured Loan with Bullet Repayment
The ECB facility is structured as a five-year unsecured loan with a bullet repayment at maturity, providing IREDA with enhanced financial flexibility. The arrangement is expected to strengthen the company’s presence in global financial markets and serve as a cost-efficient and resilient source of funding, especially amid evolving global geopolitical dynamics.
Read also: IREDA Declares Rs 0.60 Interim Dividend for FY 2025–26; Record Date Set for April 2
Boosting India’s Renewable Energy Goals
Commenting on the development, IREDA Chairman and Managing Director Pradip Kumar Das said the agreement represents a key milestone in expanding the organisation’s global footprint.
He highlighted that the transaction would enable IREDA to scale up lending operations in line with India’s renewable energy and sustainable development goals. Das added that the facility demonstrates the confidence of leading global financial institutions in IREDA’s financial strength, governance standards, and long-term growth prospects.
About IREDA
Established in 1987, IREDA is a government-owned public sector undertaking and non-banking financial company dedicated to promoting and financing renewable energy and energy efficiency projects in India. The agency plays a crucial role in supporting the country’s transition toward sustainable energy and climate-resilient growth.
Read also: IREDA Celebrates 40 Years of Renewable Energy Financing, Eyes Global Green Energy Expansion
