The Economic Times

IREDA seeks global funding partnerships to lower borrowing costs for green projects

IREDA is aiming to collaborate with global banks and investors for long-term green financing initiatives. Renewable energy developers in India face high borrowing costs compared to those in developed markets. The country requires significant investment to achieve its renewable energy capacity goals by 2030. Concerns regarding land acquisition and transmission infrastructure continue to pose challenges for developers. Disruptions in power generation can substantially impact project finances and repayment capabilities.