IREDA receives approval to launch subsidiary for retail renewable energy business
The Indian Renewable Energy Development Agency (IREDA) has received in-principle approval from the Department of Investment and Public Asset Management (DIPAM) to establish a wholly-owned subsidiary focused on retail and B2B renewable energy sectors. This new entity will manage initiatives under PM-Suryaghar (Rooftop Solar), PM-KUSUM schemes, and other B2C segments, while also exploring emerging sectors such as electric vehicles (EVs), energy storage, and green technologies.