Q1. In India where can the Wind Farm can be installed?

Ans. In India the Windfarms can be installed at MNES identified potential sites, where it has a mean annual wind power
density of 200 W/m2 or more at 50m above ground level.
Q2. What is the minimum size of Wind Turbine that IREDA provides finance for?
Ans. IREDA provides finance for Wind Farm projects having eligible machines of minimum capacity 225 kW and above.
Q3. What is IREDAs Equipment Financing Scheme for Wind Sector?
Ans. IREDAs Equipment Financing Scheme for Wind Sector is for sanctioning loan upto 1.00 MW Wind farm project. It
provides finance upto 75%(Subject to change as per IREDAs guidelines applicable at the time of loan sanction)of the
eligible machine cost.
Q4. What is IREDAs Project Financing Scheme?
Ans. IREDAs Project Financing Scheme is for sanctioning loan where selection of machines are based on RFQ (Request for
Quotation) evaluation procedure. It provides finance upto 70%(Subject to change as per IREDAs guidelines applicable
at the time of loan sanction)of the eligible project cost.
Q5. What is IREDAs Project Financing Scheme for Wind Sector?
Ans. IREDAs Project Financing Scheme for the Wind Sector is for sanctioning loan where selection of machines are based
on RFQ (Request for Quotation) evaluation procedure. It provides finance upto 70% (Subject to change as per IREDAs
guidelines applicable at the time of loan sanction)of the eligible project cost.
Q6. Does IREDA provide finance to second hand Wind Farm Project or Equipment?
Ans. IREDA does not provide finance for second hand Wind Farm Projects and Equipment.
Q7. What are the securities IREDA stipulates against the financing of a Wind Farm Project or Equipment?
Ans. IREDA stipulates security against the financing of a Wind Farm Project or Equipment as per IREDAs financing
guidelines, risk perception nature of industry and background of each case.
Q8. What is a Moratorium Period and what is the maximum moratorium period available in Wind Sector?
Ans. The moratorium period is the period during which borrowers repay only interest on loan and the maximum moratorium
period available in Wind Sector is upto one year.
Q9. Can an individual apply for loan to IREDA for setting up a Wind farm Project?
Ans. Yes, if security of Bank Guarantee/Pledge of FDR issued by from scheduled Commercial Bank is provided.
Q10. Which machines are eligible for IREDAs finance?
Ans. The machines, which are approved by MNES, are eligible for IREDAs finance.
Q11. What is the list of assets?
Ans. The list of assets consists of details of all equipment and machinery including land for the project with corresponding
cost. The list assets should be certified by the Managing Director/Authorised Director of the company and countersigned
by the statutory auditor of the company.
Q12. Is there any MNES subsidy available for setting up Wind Farm Project under IREDAs finance?
Ans. There is no MNES subsidy available for setting up Wind Farm project under IREDAs finance