Pradip Kumar Das, the Chairman & MD of Indian Renewable Energy Development Agency Limited (IREDA), recently participated in a panel discussion on 'Financing Green Hydrogen: Bridging the Cost Gap' at the 2nd International Conference on Green Hydrogen in New Delhi. Das highlighted the importance of making green hydrogen projects cost-competitive and bankable. He emphasized IREDA’s commitment to driving down project costs by using innovative financing solutions and aligning green hydrogen with established renewable technologies such as solar, wind, and hydro. IREDA has already taken steps in this direction by financing its first green ammonia project, marking its foray into the green hydrogen domain. Additionally, IREDA aims to facilitate foreign-currency loans for export-oriented developers through its subsidiary at GIFT City in Gujarat. These loans are expected to help developers save 250-350 basis points on hedging costs, thereby increasing the attractiveness of green hydrogen and its derivatives in global markets.