New Delhi: The Indian Renewable Energy Development Agency Ltd. (IREDA), under the visionary leadership of Chairman and Managing Director, Shri Pradip Kumar Das, today reaffirmed its profound commitment to integrating robust economic growth with environmental sustainability, laying a clear roadmap for a cleaner, greener India.
On World Environment Day-2025, the announcement underscores IREDA’s pivotal role in not just financing clean energy, but in actively nurturing healthier communities and restoring ecological balance through strategic investments in the burgeoning new energy sector.
“Every green initiative we support is more than just financial backing; it’s a dedicated effort to build a sustainable future where progress doesn’t come at the Earth’s expense, and every citizen is empowered,” stated Shri Pradip Kumar Das. “Our vision is precise: a truly green India, powered by responsible innovation and a relentless pursuit of a balanced planet.”
IREDA’s strengthened environmental focus is deeply interwoven with its proactive embrace of new energy implications. The agency is strategically expanding its financing portfolio to include cutting-edge technologies that promise to revolutionize India’s energy landscape and significantly reduce its carbon footprint. This includes a heightened emphasis on:
- Green Hydrogen: Recognizing its immense potential as a clean fuel, IREDA is actively supporting projects in the green hydrogen value chain, including production, storage, and distribution, aligning with India’s ambitious National Green Hydrogen Mission.
- Advanced Energy Storage Solutions: To enhance grid stability and integrate a higher share of intermittent renewable energy, IREDA is prioritizing investments in battery energy storage systems and pumped hydro storage projects.
- Offshore Wind Energy: As India explores its vast coastal potential, IREDA is poised to be a key financier for large-scale offshore wind farms, contributing significantly to the nation’s renewable energy targets.
- Smart Grid Technologies: Promoting efficiency and resilience, IREDA is backing projects that incorporate smart grid solutions, enabling better management and utilization of renewable energy.
- Decentralized Renewable Energy: Through schemes like PM-KUSUM and PM-Surya Ghar: Muft Bijli Yojana, IREDA continues to empower individuals and communities by financing rooftop solar and other decentralized renewable energy projects, including through its recently established retail subsidiary.
Shri Das highlighted that IREDA’s commitment extends beyond financing. The agency is actively working to reduce the environmental impact of energy generation and consumption by promoting responsible innovation across the entire new energy ecosystem. This includes advocating for a comprehensive Green Taxonomy to streamline investments and foster a truly sustainable financing environment.
With a strong track record of impressive loan sanctions and disbursements, and a consistently growing loan book, IREDA is positioned as a leading catalyst for India’s energy transition. The agency’s recent achievements, including attaining ‘Navratna’ status and securing international credit ratings, further underscore its financial strength and strategic importance in shaping a cleaner, greener future for the nation.