IREDA to sanction loans worth Rs 130 billion for 2017-18

The Indian Renewable Energy Development Agency plans to sanction credit worth Rs 130 billion during fiscal year 2017-18 for clean energy project developers in the country. The move is in line with the ambitious government policy of adding 15-16 GW of clean energy (including wind and solar) projects resulting in a total credit market size of Rs 650 billion. The agency is aiming for a 20 per cent share of this market.