The Chairman & Managing Director of Indian Renewable Energy Development Agency Limited (IREDA) highlighted the importance of innovative financing solutions to bridge the cost gap in green hydrogen projects. Emphasizing the need to make these projects cost-competitive and bankable, IREDA is committed to driving down project costs through aligning green hydrogen with established renewable technologies. Recent financing of a green ammonia project and plans to facilitate foreign-currency loans for developers at GIFT City, Gujarat, showcase IREDA's dedication to the green hydrogen domain. Further, the establishment of an in-house credit appraisal model aims to accurately capture project risks and integrate them into interest rates, ultimately enhancing bankability. The focus on creating a holistic financing ecosystem includes plans for standardized testing facilities, central agencies for design evaluation, and standardized offtake agreements to ensure long-term project sustainability. IREDA's vision is to make green hydrogen and related derivatives more attractive for global markets by reducing project costs and boosting overall bankability.