Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency (IREDA), called for innovative financing models to fast-track India’s renewable energy (RE) growth in a compelling address at the Rajasthan Business Summit 2025.
Speaking during a panel on “Green Transition – Innovative Development and Financial Models for Renewable Energy,” Shri Das emphasized that India has entered a decisive acceleration phase in its clean energy journey. With renewable capacity surpassing 237 GW as of July 2025 and non-fossil sources contributing 50% of installed power, the country is on track to meet its ambitious 485 GW target by 2030.
He noted that over 60 unique groups secured utility-scale tenders in FY25, reflecting the sector’s growing depth. However, to sustain momentum, India must add nearly 50 GW annually, backed by robust domestic manufacturing, timely grid expansion, and sustained investment.
Highlighting investor confidence, Shri Das pointed to oversubscribed IPOs, increased retail participation, and a 2.5× surge in FDI over three years. He stressed the importance of financing the entire RE value chain and urged collaboration among policymakers, PSUs, investors, and industry leaders to ensure swift project execution.
Later, at a roundtable chaired by Rajasthan Chief Minister Shri Bhajan Lal Sharma, Shri Das discussed PSU-led strategies to de-risk projects and accelerate clean energy deployment across the state.
IREDA’s leadership signals a transformative shift in India’s energy landscape, positioning the country as a global leader in renewable innovation and investment.
