Archive · 17 Jan 2026
IGGEFIL sanctions first international green energy loan
IGGEFIL, a company that helps finance green energy projects, has given its first international loan.
They lent USD 22.5 million to a company called Swarna Solar to build a big solar power plant in Zambia.
This plant will make 100 MW of clean energy, which is good for the environment.
The loan was approved in a meeting in New Delhi.
The head of IGGEFIL's parent company said this is a big step for them to help with clean energy projects around the world.
IGGEFIL is part of a bigger organization in India that supports renewable energy and energy efficiency.
IGGEFIL approved its first international loan of USD 22.5 million to Swarna Solar for a 100 MW solar power plant in Zambia.
The project is located in the Serenje District of the Central Province, Zambia.
IGGEFIL is a wholly-owned subsidiary of IREDA, a non-banking financial institution under India's Ministry of New and Renewable Energy.
The loan was sanctioned during a board meeting held in New Delhi on January 17, 2026.
IREDA's CMD Pradip Kumar Das highlighted the significance of this loan in promoting global clean energy financing.
- Who
- Ireda Global Green Energy Finance IFSC Ltd (IGGEFIL) and Swarna Solar Limited (SSL)
- What
- Approval of a USD 22.5 million green loan for a 100 MW solar power plant in Zambia
- When
- January 17, 2026
- Where
- Serenje District, Central Province, Zambia
- Why
- To promote and develop renewable energy projects internationally
- Loan Amount
- USD 22.5 million
- Recipient
- Swarna Solar Limited (SSL)
- Project Type
- 100 MW Photovoltaic Solar Power Plant
- Location
- Serenje District, Central Province, Zambia
- Sanctioning Body
- Ireda Global Green Energy Finance IFSC Ltd (IGGEFIL)
- Parent Organization
- Indian Renewable Energy Development Agency Ltd (IREDA)
- Announcement Date
- January 17, 2026
- Meeting Location
- New Delhi
