IREDA CMD, Pradip Kumar Das addressed the Odisha Solar Investor Conclave, organised by GRIDCO in Bhubaneswar today. During his keynote speech, Das underscored the critical importance of accessible and affordable financing in accelerating renewable energy (RE) projects. He highlighted IREDA’s distinct position as a competitive financier, emphasising its fully paperless, digitised, and borrower-friendly operations that ensure seamless financial support for green energy initiatives.
Reaffirming IREDA’s commitment to Odisha’s ambitious target of achieving 10 GW renewable energy capacity by 2030, Das announced that the agency has already sanctioned over ₹3,000 crore for green energy projects across the state. These projects span solar, hydro, ethanol, and renewable energy manufacturing sectors, marking significant milestones in Odisha’s sustainable energy journey.
Das also highlighted Odisha’s immense potential to become a leading solar power producer and a hub for solar equipment manufacturing. Sharing IREDA’s contributions on a national scale, he revealed that the agency has sanctioned over ₹2.08 lakh crore and disbursed ₹1.36 lakh crore towards renewable energy projects. This financial impetus has played a pivotal role in catalysing market formation for emerging technologies such as ethanol, EV fleet financing, pumped storage hydropower, and green ammonia.
Furthermore, Das reiterated IREDA’s vision to contribute 10-15% to India’s renewable energy debt financing space. With Odisha poised to become a key player in the country’s renewable energy landscape, IREDA’s ongoing financial support and strategic guidance are expected to drive significant advancements in achieving India’s green energy goals.
The conclave served as a platform for stakeholders, investors, and policymakers to collaborate and align their strategies towards a sustainable and energy-secure future for Odisha and the nation at large.
