IREDA Arm IGGEFIL Sanctions Its First International Green Energy Loan
Indian Renewable Energy Development Agency’s subsidiary IREDA Global Green Energy Finance IFSC Ltd. has sanctioned its first overseas loan of USD 22.5 million to Swarna Solar for a 100 MW solar PV project in Zambia.
January 17, 2026. By Mrinmoy Dey
Commenting on the development, Pradip Kumar Das, CMD, IREDA and Chairman, IGGEFIL, said, “This first loan sanction by IGGEFIL is a landmark for IREDA to emerge as a global catalyst for clean energy financing. Through our presence at GIFT City, we are leveraging competitive international capital to enable renewable energy development not only in India but also across the world. Supporting this solar project in Zambia reflects our commitment to fostering sustainable growth beyond national boundaries, aligned with the Government of India's vision of global renewable energy leadership.”
This first loan sanction marks a significant step for IGGEFIL as it begins to expand India's green financing footprint into international markets and support sustainable energy development globally, the NBFC stated.
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