The Indian Renewable Energy Development Agency (IREDA) has received approval from the Department of Investment and Public Asset Management (DIPAM) to raise up to ₹4,500 crore through a Qualified Institutional Placement (QIP), which will lead to a dilution of the government's stake by up to 7%. IREDA's strong performance in Q1 2024-25 included a 383% increase in loan sanctions, amounting to ₹9,136 crore, and a 68% rise in disbursements to ₹5,320 crore. The agency's capital to risk assets ratio (CRAR) is expected to increase to 25% with the successful fundraising. IREDA is also inviting bids to raise approximately ¥16 billion (~$113.3 million) for renewable energy projects, with a focus on energy efficiency and conservation. The company plans to offload up to 10% of its stake, pending government approval, and anticipates raising ₹24,500 crore through various means this fiscal year. Positive investor sentiment towards India's green energy transition is bolstering these fundraising efforts.