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Home » News » IREDA and CMD highlight innovative wind energy financing options on Global wind day

IREDA and CMD highlight innovative wind energy financing options on Global wind day

June 17, 2024 12:03 pm

IREDA and CMD highlight innovative wind energy financing options on Global wind day
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IREDA, India’s largest green financing NBFC, promotes renewable energy adoption through innovative financial products like project-specific funding for EPCs, manufacturers, suppliers, and guarantee assistance schemes.

Pradip Kumar Das, Chairman, and Managing Director of Indian Renewable Energy Development Agency Ltd. (IREDA), participated in a panel discussion on “Accelerating Onshore Wind Energy Adoption in India” as part of the Global Wind Day celebrations, Pawan-Urja: Powering the Future of India. The Ministry of New and Renewable Energy hosted the event at the Lalit, New Delhi. During the discussion, Das offered valuable insights into India’s journey towards energy transition and underscored IREDA’s crucial role in advancing renewable energy adoption within the country via innovative financial products like project-specific funding for EPCs, manufacturers, suppliers, guarantee assistance schemes, including letters of comfort, and payment-on-order instruments, which provide a one-stop solution to the project developers, reducing the overall turnaround time for project developments.

He further emphasised IREDA’s contributions as the largest pure-play green financing NBFC in the country, providing cost-effective financing to the entire value chain of RE project installation and development.

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