Indian Renewable Energy Development Agency (IREDA) announced on October 10, 2024, that it has received approval from the Department of Investment and Public Asset Management (DIPAM) and the Ministry of New and Renewable Energy to set up a wholly-owned subsidiary focused on retail business. This new subsidiary will handle segments such as the PM KUSUM scheme, rooftop solar projects, and other business-to-consumer (B2C) sectors within renewable energy (RE) and emerging areas like electric vehicles (EVs), energy storage, green technologies, and energy efficiency.
This move is aimed at expanding IREDA’s involvement in the RE sector, helping drive sustainability and innovation in the rapidly growing renewable energy landscape
