Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency Limited (IREDA), has underscored the need for innovative financing models to accelerate India’s renewable energy (RE) transition. Speaking at a panel discussion on “Green Transition – Innovative Development and Financial Models for Renewable Energy” during the Rajasthan Business Summit 2025, Das highlighted the critical role of sustainable investment pathways in achieving India’s ambitious clean energy targets.
Das noted that India has entered the acceleration phase of its green transition, with the country’s renewable energy capacity crossing 237 GW by July 2025. Non-fossil sources now contribute 50% of the nation’s installed power capacity. He further pointed out that more than 60 unique groups secured utility-scale tenders in FY25, reflecting the growing market depth.
However, Das emphasised that meeting the 2030 target of 485 GW will demand annual additions of nearly 50 GW. This growth must be supported by robust domestic manufacturing, timely grid expansion, and sustained capital inflows.
Highlighting a paradigm shift in global and domestic capital flows, the IREDA CMD observed that renewables are increasingly viewed as a mainstream growth sector. Oversubscribed IPOs, rising retail investor participation and record foreign direct investment (FDI) inflows 2.5 times higher in the last three years are strong indicators of investor confidence in India’s clean energy trajectory.
Das called for faster credit appraisals and financing mechanisms tailored to the entire RE value chain, stressing that innovative models and closer collaboration between policymakers, PSUs, investors, and industry leaders are vital to ensure projects move swiftly from planning to commissioning.
In addition to the panel discussion, Das participated in a high-level roundtable on “Powering the Future: Investment and Financing Pathways for Renewable Energy in Rajasthan”. Chaired by Rajasthan Chief Minister Bhajan Lal Sharma, the session focused on PSU-led strategies to de-risk projects and fast-track clean energy deployment across the state.
Das reaffirmed IREDA’s commitment to driving India’s renewable energy growth, stating that innovative financing and strong partnerships will be the cornerstone of achieving and surpassing the nation’s 2030 clean energy ambitions.
