Deals16 Jan 2026, 09:21 pm
IREDA Global Green Energy Finance IFSC Limited Sanctions First International Green Energy Loan of USD 22.5 Million to Swarna Solar Limited for 100 MW Photovoltaic Solar Power Plant in Zambia
AI Summary
IREDA Global Green Energy Finance IFSC Limited, the wholly owned subsidiary of Indian Renewable Energy Development Agency Limited, has sanctioned its first loan of USD 22.5 million to M/s Swarna Solar Limited (SSL) for developing a 100 MW Photovoltaic Solar Power Plant in the Serenje District of the Central Province of Zambia. 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.
Key Highlights
- IREDA Global Green Energy Finance IFSC Limited sanctions its first international green energy loan of USD 22.5 million
- Loan sanctioned to Swarna Solar Limited for developing a 100 MW Photovoltaic Solar Power Plant in Zambia
- This step expands India’s green financing footprint into international markets
- Supports sustainable energy development globally
- Reflects commitment to fostering sustainable growth beyond national boundaries, aligned with Govt. of India’s vision of global renewable energy leadership