JAIPUR. Shri Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency Limited (IREDA), underscored India’s strong progress in the green energy transition while speaking at a panel discussion on “Green Transition Innovative Development and Financial Models for Renewable Energy” during The Economic Times Rajasthan Business Summit at the Marriott Hotel, Jaipur. He highlighted that India’s renewable energy capacity crossed 237 GW by July 2025, with non-fossil sources contributing half of the nation’s installed power capacity. Shri Das noted that with over 60 players winning utility-scale tenders in FY25, the market has deepened significantly. Achieving the ambitious 485 GW renewable energy target by 2030, he stressed, will require adding nearly 50 GW annually, supported by a strong domestic manufacturing ecosystem, timely grid upgrades, and sustained investment inflows.
Pointing to a global shift in investor sentiment, Shri Das said renewables are now seen as a mainstream growth engine for India, as evidenced by oversubscribed IPOs, record foreign direct investment inflows that have grown 2.5 times in three years, and rising retail investor participation. He emphasized that accelerating India’s clean energy momentum demands faster credit appraisals, innovative financing models across the entire renewable energy value chain, and deeper collaboration among policymakers, PSUs, investors, and industry leaders. Shri Das also joined a high-level roundtable chaired by Chief Minister Shri Bhajan Lal Sharma on “Powering the Future: Investment and Financing Pathways for Renewable Energy in Rajasthan,” which focused on PSU-led measures to de-risk projects and expedite renewable energy deployment in the state.
