Shri Pradip Kumar Das, Chairman and Managing Director of Indian Renewable Energy Development Agency Ltd. (IREDA), underlined the need for data-driven policy and financially viable solutions to achieve an inclusive energy transition while addressing two high-level panel discussions at India Energy Week 2026 in Goa.
Participating in the panel titled Empowering Economic Policy with Energy Data Steering Indias Growth towards Viksit Bharat, Shri Pradip Kumar Das said that the vision of Viksit Bharat must be anchored in reliable data, realistic policy frameworks and patient capital rather than slogans. He emphasised that energy data has emerged as a strategic economic instrument that informs investment decisions, pricing mechanisms and long-term policy planning, shaping India’s growth trajectory.
Highlighting IREDA’s institutional approach, he stated that the agency ensures the flow of capital not only to large-scale renewable infrastructure projects but also to decentralised and community-level solutions. This, he said, is critical to making India’s energy transition inclusive, durable and sustainable. He added that institutions like IREDA play a pivotal role in converting India’s clean energy vision into bankable projects by aligning growth imperatives with sustainability and affordability.
Addressing the second panel on Startup Climate Technology Innovations From R and D Margins to Market Mainstream, Shri Pradip Kumar Das elaborated on IREDA’s role in building a resilient clean energy financing ecosystem. He noted that IREDA was established not merely as a lender but as a sector-focused financial institution mandated to deepen markets and reduce the cost of capital for renewable and clean energy projects.
He explained that through long-tenor, sector-aligned debt instruments, standardised appraisal frameworks and co-lending arrangements with banks, IREDA has enabled the scaling up of mainstream renewable energy segments such as solar, wind and hydropower. At the same time, the agency has actively supported distributed renewable segments including rooftop solar and the PM-KUSUM scheme through an aggregator-based financing model.
Shri Pradip Kumar Das further stated that IREDA has progressively expanded its financing portfolio beyond mature renewable assets to emerging clean energy sectors. This includes early-stage support for pumped storage hydropower projects and structured financing solutions for green hydrogen and green ammonia projects. He highlighted that such financing is being linked to phased commissioning timelines and evolving offtake arrangements, ensuring financial viability while supporting innovation.
Through his interventions at India Energy Week 2026, Shri Pradip Kumar Das reaffirmed IREDA’s commitment to enabling a credible, inclusive and investment-ready clean energy transition that supports India’s long-term economic growth and sustainability goals.
