IREDA's Strategic Investments in Green Hydrogen Financing
Key Ideas
  • IREDA, led by Shri Pradip Kumar Das, is spearheading innovative financing solutions to drive down costs and improve bankability of green hydrogen projects.
  • The company recently financed its first green ammonia project, signaling a strategic entry into the green hydrogen sector.
  • IREDA's subsidiary at GIFT City, Gujarat, will offer foreign-currency loans to export-oriented developers, reducing hedging costs and enhancing market competitiveness.
  • The organization is developing a standardized credit appraisal model to accurately assess risks associated with green hydrogen projects, aiming to lower project costs and increase bankability.
At the 2nd International Conference on Green Hydrogen in Bharat Mandapam, Shri Pradip Kumar Das of IREDA discussed the imperative need for innovative financing solutions in the green hydrogen sector. IREDA's recent financing of a green ammonia project marks its foray into green hydrogen. The company plans to offer foreign-currency loans through its GIFT City subsidiary, bolstering market attractiveness. Furthermore, an in-house credit appraisal model is in development to better evaluate project risks and lower costs. The panel emphasized the importance of holistic solutions, including testing facilities for electrolyser manufacturers and standardized offtake agreements. With a lineup of industry experts, IREDA is strategically positioning itself to drive the growth of green hydrogen through sustainable financing and infrastructure development.
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