KREDL is a state-owned agency which was formed in 1996 so as to facilitate the development of non-conventional energy sources.

Its key roles include:

• Interfacing between the government, its various agencies, and the community of developers.
• Investigating potential renewable energy sources.
• Inviting applications from private sector developers.
• Advising the government on policy matters.
• Assisting developers in obtaining statutory clearances.
• Monitoring projects.
• Compiling project performance information.
• Acting as a spokesperson for developers of renewable energy.
• Disseminating information.

KREDL also administers the Akshaya Shakthi Nidhi Trust (Green Energy Fund), which aims to finance renewable energy projects. The trust is expected to have a duration of 5 years and will be used primarily for land acquisition and land development activity for the rapid establishment of renewable energy projects.