CMD IREDA urges faster financing and collaboration for renewable growth

Pradip Kumar Das, Chairman & Managing Director of the Indian Renewable Energy Development Agency Limited (IREDA), highlighted India’s progress in its green transition with renewable energy capacity reaching 237 GW by July 2025 and non-fossil sources contributing 50 percent of installed power at Rajasthan Business Summit. 

Pradip Kumar Das, Chairman & Managing Director, Indian Renewable Energy Development Agency Limited (IREDA) has underlined that India has firmly entered the acceleration phase of its green transition, with RE capacity crossing 237 GW by July 2025 and non-fossil sources contributing 50 per cent of installed power. With over 60 unique groups winning utility-scale tenders in FY25, he noted the market’s growing depth and stressed that meeting the 485 GW target by 2030 will require annual additions of nearly 50 GW, supported by stronger domestic manufacturing, timely grid expansion and sustained investments. Das was sharing his insights on the “Green Transition – Innovative Development and Financial Models for Renewable Energy” panel discussion at Rajasthan Business Summit 2025. 

Decisive shift in global and domestic capital flows, with renewables now viewed as a mainstream growth sector. Oversubscribed IPOs, rising retail participation, and record FDI inflows (2.5× growth in 3 years) signal growing investor confidence in India’s clean energy story. Sustaining this momentum will require faster credit appraisal, financing the entire RE value chain with tailored and innovative financing models, and closer collaboration across policymakers, PSUs, investors and industry leaders to ensure projects move swiftly from planning to commissioning and India stays on track to exceed its 2030 clean energy ambitions.

The CMD also participated in a roundtable on ‘Powering the Future: Investment and Financing Pathways for Renewable Energy in Rajasthan’, chaired by Chief Minister Bhajan Lal Sharma, which focused on PSU-led strategies to de-risk projects and fast-track clean energy deployment across the state.