The Indian Renewable Energy Development Agency Limited (IREDA), a government-backed financial institution, is introducing two innovative subsidiaries to drive the growth of renewable energy and sustainability in India. The first subsidiary will concentrate on advancing green hydrogen production and the manufacturing of renewable energy equipment, with a focus on securing foreign currency financing. The second subsidiary is geared towards engaging the business-to-consumer (B2C) sector, promoting the adoption of green technologies such as rooftop solar power systems, electric vehicles, energy storage solutions, and more. Pradip Kumar Das, the Chairman and Managing Director of IREDA, expressed confidence that these initiatives will be pivotal in bolstering sustainability efforts in India and facilitating the shift towards cost-effective renewable energy options. This move aligns with IREDA's core mission of supporting projects related to renewable energy sources and energy efficiency. Overall, the establishment of these subsidiaries signifies a proactive approach by IREDA to drive green energy adoption and sustainability practices across various sectors in the country.