<p>Bengaluru: The Indian government aims to sell a 7 per cent stake in the Indian Renewable Energy Development Agency (IREDA) via an institutional share sale, the renewables lender said on Wednesday.</p>.<p>The government, which held a 75 per cent stake as of June-end in IREDA, has approved the company's plans to raise up to 45 billion rupees ($538 million) through qualified institutional placement (QIP).</p>.India gets over Rs 32 lakh crore funding to expand renewable energy capacity by 2030.<p>This fresh capital infusion will help IREDA finance clean energy projects across the country and support the government's "ambitious renewable energy goals," Chairman and Managing Director Pradip Kumar Das said.</p>.<p>The Indian government is planning to add at least 500 GW of clean energy by 2030 to reduce emissions.</p>
<p>Bengaluru: The Indian government aims to sell a 7 per cent stake in the Indian Renewable Energy Development Agency (IREDA) via an institutional share sale, the renewables lender said on Wednesday.</p>.<p>The government, which held a 75 per cent stake as of June-end in IREDA, has approved the company's plans to raise up to 45 billion rupees ($538 million) through qualified institutional placement (QIP).</p>.India gets over Rs 32 lakh crore funding to expand renewable energy capacity by 2030.<p>This fresh capital infusion will help IREDA finance clean energy projects across the country and support the government's "ambitious renewable energy goals," Chairman and Managing Director Pradip Kumar Das said.</p>.<p>The Indian government is planning to add at least 500 GW of clean energy by 2030 to reduce emissions.</p>