IREDA Chairman Advocates for Green Hydrogen at ET Energy Leadership Summit
Key Ideas
  • Shri Pradip Kumar Das emphasized IREDA's role in promoting various renewable energy technologies like green hydrogen and green ammonia to achieve India's 500 GW non-fossil energy target by 2030.
  • IREDA plans to offer foreign-currency loans through its subsidiary to reduce hedging costs for developers, making green hydrogen more competitive in international markets.
  • The adoption of the 'DAS' principle focusing on investor discipline, lender attitude, and policy simplification has led to a realignment of IREDA's processes.
  • Shri Das highlighted the significance of defining renewable energy technologies as 'green' to enhance investor confidence and attract climate finance for sustainable projects in India.
Shri Pradip Kumar Das, the Chairman & Managing Director of IREDA, participated in a panel discussion at the ET Energy Leadership Summit in New Delhi, where he emphasized IREDA's efforts in promoting renewable energy technologies such as green hydrogen and green ammonia. He highlighted IREDA's pioneering role in making these technologies bankable and facilitating India's goal of achieving 500 GW of non-fossil energy by 2030. Shri Das also discussed the 'DAS' principle, focusing on investor discipline, lender attitude, and policy simplification, as a strategy to align with India's ambitious renewable energy targets. Additionally, he mentioned IREDA's plans to provide foreign-currency loans through its subsidiary to help developers save on hedging costs, ultimately boosting the competitiveness of green hydrogen in global markets. Furthermore, Shri Das stressed the importance of 'Green Taxonomy' to designate renewable energy technologies as 'green,' aiming to attract climate finance and ensure alignment with global standards for sustainable projects in India.
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