IREDA CMD Shri Pradip Kumar Das Highlights India’s Green Hydrogen Potential At ICGH 2025, Calling It The Key To A Sustainable And Self-Reliant Energy Future

Shri Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency Ltd. (IREDA), delivered the keynote address on “Opportunities for Green Hydrogen Investment and Trading in India” at the International Conference on Green Hydrogen (ICGH 2025), held at Bharat Mandapam, New Delhi. His address focused on the immense potential of green hydrogen in driving India’s clean energy transition and creating a sustainable, self-reliant energy future.

In his speech, Shri Das highlighted that Green Hydrogen represents a transformative opportunity for India to accelerate its decarbonization goals, reduce dependence on fossil fuels, and emerge as a key global player in the hydrogen economy. Citing the International Energy Agency’s (IEA) Green Hydrogen Review 2025, he noted that the current global project pipeline and production announcements point to an achievable output of around 37 million tonnes per annum (MTPA) by 2030, compared to an estimated demand of 150 MTPA. This significant gap, he emphasized, opens up an enormous opportunity for India to establish itself as a frontrunner in Green Hydrogen production, technology, and trade.

Shri Das further discussed the Government of India’s strong policy support through the National Green Hydrogen Mission (NGHM), which aims to produce 5 MTPA of Green Hydrogen by 2030. Backed by a government investment of ₹19,744 crore, the Mission is expected to catalyze over ₹8 lakh crore in total green investments across the value chain. The initiative is designed to boost domestic manufacturing, encourage innovation, and build a competitive ecosystem that supports India’s long-term energy independence and export ambitions.

He also elaborated on IREDA’s active role in advancing the Green Hydrogen vision. The agency has already financed its first Green Ammonia project and continues to explore new opportunities in the hydrogen value chain. Additionally, IREDA, through its subsidiary established at GIFT City, will facilitate foreign currency loans for export-oriented Green Hydrogen manufacturers. This initiative will help developers save approximately 250–350 basis points in hedging costs, making project financing more efficient and globally competitive.

Shri Das underlined that India’s favorable renewable resource base, robust policy framework, growing industrial demand, and strong export potential collectively make it one of the most promising markets for Green Hydrogen development. He reaffirmed IREDA’s dedication to financing, de-risking, and accelerating the growth of India’s Green Hydrogen ecosystem through strategic innovation, partnerships, and sustainable financial mechanisms.

In conclusion, Shri Das emphasized that Green Hydrogen is not just an emerging opportunity but a critical pillar for India’s clean energy future. Through collaborative efforts between government, industry, and financial institutions, India is well-positioned to lead the global transition toward a green hydrogen-powered economy.