Solar Leads with 24% Share in IREDA’s ₹79,941 Cr Loan Book; Wind Gets 13%

The Indian Renewable Energy Development Agency (IREDA) reported a 29% year-on-year increase in operational revenue to ₹1,947 crore as of June 30, 2025, up from ₹1,510 crore in the same period a year ago, according to the company’s latest investor presentation.

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However, profit before tax dropped to ₹305 crore from ₹476 crore in the year-ago period. Consolidated revenue from operations stood at ₹1,948 crore for the quarter ended June 30, 2025.

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Operational Performance

In an analyst presentation, IREDA, while sharing its operational performance, said it sanctioned ₹11,740 crore in loans in the first quarter, a 29% increase from ₹9,136 crore sanctioned in the same period last year. Outstanding loans rose 27% year-on-year to ₹79,941 crore from ₹63,207 crore.

Providing a sector-wise breakdown of its loan portfolio as of June 30, 2025, IREDA said solar projects accounted for the largest share at 24% (₹19,190 crore), followed by wind at 13% (₹10,413 crore). State utility loans under the "Others" category made up 19%, while hydropower held an 11% share. Loans to the manufacturing sector comprised 7%, ethanol projects 8%, hybrid wind-solar 3%, and state GENCOs 5%.

Out of the 79,941 total loans disbursed, 5,389 were for the manufacturing sector, making up 7% of the overall mix. Hybrid projects accounted for 2,844 loans (4%), while transmission and emerging technologies — including smart meters, green hydrogen, and energy access — received 2,229 loans (3%). The electric vehicle segment secured 951 loans, accounting for 1% of the portfolio.