Indian Renewable Energy Development Agency Ltd. (Ireda) has sanctioned over Rs 3,000 crore for green energy projects in Odisha, including solar, hydro, ethanol, and renewable energy manufacturing sectors.
The funds will be utilized to set up 10 gigawatts of solar capacity by 2030.
Ireda aims to become a driving force in the development of emerging renewable energy technologies.
In the second quarter of fiscal 2025, Ireda reported a net profit of Rs 388 crore, with a 36% growth.