Shri Pradip Kumar Das, the Chairman and Managing Director of Indian Renewable Energy Development Agency Limited (IREDA), participated in a panel discussion at the second international conference on green hydrogen in Bharat Mandapam. The discussion focused on 'Financing Green Hydrogen: Bridging the Cost Gap,' where Das stressed the importance of making green hydrogen projects cost-competitive and bankable. IREDA aims to reduce project costs by aligning green hydrogen with established renewable technologies like solar, wind, and hydropower. IREDA has made significant progress by financing its first green ammonia project and plans to facilitate foreign currency loans for export-oriented developers through its subsidiary in GIFT City, Gujarat. These loans are expected to reduce hedging costs, making green hydrogen more attractive in global markets. The company is also developing a standardized credit rating model to assess risks accurately and enhance the overall bankability of green hydrogen projects. Das highlighted the need for comprehensive solutions, including robust testing facilities for electrolyzer manufacturers and standardized off-take agreements to reduce risks and ensure project sustainability. The panel discussion included industry leaders and experts, focusing on the importance of building a strong financing ecosystem for green hydrogen. The initiatives by IREDA demonstrate a positive outlook towards green hydrogen financing and innovation, aligning with global sustainability goals.