Pradip Kumar Das, the Chairman & Managing Director of the Indian Renewable Energy Development Agency Limited (IREDA), engaged in a panel discussion at the 2nd International Conference on Green Hydrogen in New Delhi. Das emphasized the importance of making green hydrogen projects cost-competitive and bankable by leveraging innovative financing solutions in alignment with established renewable technologies like solar and wind. IREDA's recent financing of a green ammonia project marked its entry into the green hydrogen domain. Additionally, IREDA plans to offer foreign-currency loans through its subsidiary in GIFT City, Gujarat, to help developers save on hedging costs, making green hydrogen more appealing in global markets. The development of a standardized credit appraisal model by IREDA aims to accurately assess risks associated with green hydrogen projects and integrate these risks into interest rates. Das stressed the significance of building holistic solutions to address the challenges in creating a green hydrogen financing ecosystem. This includes the establishment of testing facilities for electrolyser manufacturers, central agencies for plant design testing, and standardized offtake agreements to mitigate risks and ensure project sustainability. The panel discussion also included industry leaders and experts exploring the need for collaborative efforts and standardized practices to enhance the bankability and sustainability of green hydrogen ventures. The sentiment of the article is positive, showcasing India's commitment to driving down costs and enhancing the bankability of green hydrogen projects to facilitate a sustainable energy transition.