Bhubaneswar, December 23, 2024: Shri Pradip Kumar Das, Chairman and Managing Director of Indian Renewable Energy Development Agency Limited (IREDA), delivered a compelling address at the Odisha Solar Investor Conclave organized by GRIDCO in Bhubaneswar today.
In his speech, Shri Das underscored the critical role of accessible financing in expediting renewable energy (RE) projects. He highlighted IREDA’s position as a leader in green energy financing, offering fully paperless, digitized, and borrower-friendly operations to streamline support for renewable projects.
Supporting Odisha’s Renewable Energy Ambitions
Shri Das reaffirmed IREDA’s commitment to helping Odisha achieve its ambitious renewable energy target of 10 GW capacity by 2030. To date, IREDA has sanctioned over ₹3,000 crores for green energy projects in the state, encompassing solar, hydro, ethanol, and renewable energy manufacturing sectors.
He emphasized Odisha’s immense potential to become a leading solar power producer and a hub for solar equipment manufacturing.
IREDA’s National Contributions
Sharing IREDA’s broader impact, Shri Das revealed that the agency has sanctioned over ₹2.08 lakh crore and disbursed ₹1.36 lakh crore for renewable energy projects across India. These efforts have positioned IREDA as a catalyst for emerging RE technologies, including ethanol production, EV fleet financing, pumped storage hydropower, and green ammonia.
IREDA envisions contributing 10-15% to the renewable energy debt financing space, reinforcing its role in advancing India’s green energy goals.
A Vision for Green Growth
Shri Das’ address at the conclave highlighted the synergy between government policies and financial support in transforming Odisha into a renewable energy powerhouse. The event underscored the state’s commitment to leveraging its potential and attracting investments to drive sustainable development.
With IREDA’s robust backing and Odisha’s forward-looking policies, the state is poised to emerge as a national leader in renewable energy production and manufacturing.
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