IREDA Chief: India needs 50 GW renewable additions annually for 2030 target

Pradip Kumar Das, Chairman & Managing Director of IREDA, highlighted India’s progress in renewable energy, achieving 237 GW of installed capacity by July 2025, with 50 percent coming from non-fossil fuel sources. To meet the 2030 target of 500 GW, India needs to add 50 GW of renewable energy annually.

Pradip Kumar Das, Chairman and Managing Director of IREDA has stressed on to meet the 2030 target of 500 GW there is a need for annual additions of approximately 50 GW of renewable energy. While speaking in a panel discussion on “Scaling Clean Energy for a Climate-Ready India – Bridging Policy, Financing, and Systems Delivery” at a Summit in New Delhi Das highlighted India’s remarkable progress in renewable energy noting that the country’s installed renewable capacity had reached 237 GW by July 2025, with 50 per cent of its installed power capacity coming from non-fossil fuel sources which is achieved five years ahead of schedule.

He remarked on India’s progress in manufacturing, highlighting a shift from near-total import dependence to self-sufficiency across the value chain. Despite challenges in upstream components like polysilicon and wafers, India is poised to meet domestic demand and support other developing nations. He emphasised the need to mobilise ₹30 lakh crore by 2030 through deepening bond markets and strengthening NBFCs, reaffirming IREDA’s leadership in financing over 30 GW.

The importance of green energy corridors and faster land conversion, citing Karnataka’s streamlined approval process as an example. Addressing systemic gaps, he called for reforms in DISCOMs, smart metering, payment security, and enforcement of Renewable Purchase Obligations (RPOs).