Shri Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency Ltd. (IREDA), participated in two panel discussions at India Energy Week 2026 held in Goa. During the panel on “Empowering Economic Policy with Energy Data: Steering India’s Growth towards Viksit Bharat,” Shri Das emphasized that building a Viksit Bharat requires more than slogans—it demands reliable data, realistic policies, and patient capital. He highlighted that energy data is no longer just a technical input but a strategic economic tool that influences investment decisions, pricing, and policy frameworks.
Shri Das also spoke about IREDA’s approach in ensuring that capital flows not only to large-scale infrastructure projects but also to decentralized and community-level energy solutions. According to him, such an approach makes India’s energy transition inclusive, sustainable, and long-lasting. He added that institutions like IREDA play a critical role in translating India’s energy vision into practical, bankable projects by balancing growth, sustainability, and affordability.
In the panel on “Startup Climate Technology Innovations: From R&D Margins to Market Mainstream,” Shri Das outlined IREDA’s contribution to building a strong financial ecosystem for clean energy. He noted that IREDA was established not just as a lender but as a sector-focused financial institution with a mandate to deepen markets and lower the cost of capital for clean energy projects.
Through long-tenor, sector-aligned debt, standardized appraisal frameworks, and co-lending arrangements with banks, IREDA has supported the scaling of mainstream renewable energy sources such as solar, wind, and hydro, while also promoting distributed energy solutions like rooftop solar and the PM-KUSUM scheme in aggregator mode.
Shri Das further explained that IREDA has expanded its role from financing mature projects to enabling emerging sectors. This includes early support for pumped storage hydropower and structured financing for green hydrogen and green ammonia projects, designed around phased commissioning and evolving offtake arrangements.
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