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 Climate Change

Government and Policy
Published on: May 25, 2022, 2:33 p.m.
IREDA’s agenda for greening India
  • Das: focus more on renewables to help India meet its net-zero deadline

By Business India Editorial

Pradip Kumar Das, chairman, India Renewable Energy Development Agency (IREDA) has urged the industry leaders and investors in Maharashtra to focus more on renewables which will help India meet its net-zero deadline.

He was speaking at workshop, ‘Greening India Through Renewables’ in Pune, which was organised by IREDA and Mahratta Chamber of Commerce, Industries and Agriculture 

Prime Minister Narendra Modi has set an ambitious target of 500 GW of non-fossil energy capacity by 2030, and Maharashtra can contributeearlier this week. significantly to this goal by utilising its green energy potential, he said.

Das emphasised IREDA's commitment to the development of renewable energy projects in all states, including Maharashtra, noting that out of a total loan of Rs1,20,946 crore sanctioned by IREDA Rs14,445 crore were sanctioned for 422 RE projects in Maharashtra.

The company has disbursed Rs10,018 crore in Maharashtra out of a total loan disbursement of Rs79,446 crore. In Maharashtra, IREDA sanctioned loan of Rs2,564 crore for 12 RE project accounts and disbursed Rs1,362 crore during FY22.

Chintan Shah, Director (Technical), IREDA, said that India can transform the landscape of RE sector by creating an ecosystem for RE manufacturing and storage manufacturing. Apart from other RE sectors, IREDA is financing RE manufacturing at competitive interest rates. This will boost the domestic manufacturing sector.

Prashant Girbane, Director General, MCCAI, said that greening India through renewables is very important for energy cost reduction as well as the creation of job opportunities. 


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