Ireda, the Indian Renewable Energy Development Agency, is planning to expand its financing operations internationally through its GIFT City subsidiary, Ireda Global Green Energy Finance IFSC Ltd. The focus will be on financing solar component manufacturing and green hydrogen projects in India to meet export demand. By utilizing its subsidiary in GIFT City, Ireda aims to streamline the borrowing process and minimize hedging costs for investors. While the subsidiary is yet to execute its first transaction, it is actively engaging with various companies for financing opportunities. In addition to its international venture, Ireda has committed to raising significant funds for green energy projects. The company plans to raise around ₹4,500-5,000 crore through a follow-on public offering (FPO) by the end of the year. With the government's approval, Ireda aims to reduce the stake of the Indian government by selling up to 10% in the FPO. Additionally, the company is hopeful of securing approval for tax exemption under Section 54EC of the Income Tax Act, making its bonds more attractive to investors. Furthermore, Ireda has pledged to finance an additional ₹5 trillion by 2030 for green transition projects. The company has already supported projects worth nearly ₹2 trillion, contributing to a cumulative renewable energy capacity of 27 GW. These projects cover various sectors including solar, wind, hydro power, CNG, ethanol, e-mobility, and charging infrastructure, with a significant portion allocated to state utilities for renewable energy initiatives. Ireda's commitment to green financing aligns with the global shift towards sustainable energy practices and environmental conservation.