Indian Renewable Energy Development Agency Ltd. (IREDA) reported strong business performance for the nine months ended December 31, 2025, with healthy growth across key parameters. Loan sanctions rose 29% to ₹40,100 crore, while disbursements increased 44% to ₹24,903 crore. The outstanding loan book grew 28% to ₹87,975 crore. CMD Shri Pradip Kumar Das said the performance reflects growing confidence in IREDA’s financing capabilities and its pivotal role in driving India’s green energy transition.

Speaking at the panel on “Green and Clean: Balancing Ecology & Economy,” CMD, IREDA emphasized that, from India’s perspective of RE development, decarbonisation and the energy transition, responsibility cannot rest only with leaders of the country or corporate leadership. Leaders at every level- States, districts, panchayats, villages, and even within families must collectively shoulder the responsibility of achieving net zero. He stressed that this can be realised only through a holistic approach that enables a robust ecosystem supporting both renewable-energy development and ecological balance.

He highlighted that IREDA, India’s largest pure-play green lender, has sanctioned over ₹2.7 lakh crore and disbursed more than ₹1.7 lakh crore nationwide, supported by robust governance, digital paperless processes, and industry- leading asset-quality. This performance, he noted, continues to attract substantial interest from global and domestic climate-finance investors.

Emphasising the growing importance of circular-economy practices, carbon markets, biodiversity offsets, and climate finance, Shri Das said these tools are now essential for achieving sustainable and inclusive economic growth. Odisha, a major steel and aluminium producer, is well positioned to adopt circular manufacturing, including metals recycling and green hydrogen integration, enabling the production of premium green steel for export and boosting state GDP.

He also highlighted the potential of a Green Hydrogen Highway across Odisha, supported by more than 7 MTPA of announced green ammonia capacity and several industrial clusters. Co-locating hydrogen production with steel, aluminium, cement, and chemical units, he said, could unlock significant industrial efficiency and competitiveness.

On carbon markets, he noted that Odisha’s extensive forests and India’s largest mangrove ecosystem provide unique opportunities for climate-finance mobilisation through advanced Monitoring, Reporting and Verification (MRV) and digital carbon registries.

Reaffirming IREDA’s commitment, Shri Das said the agency has already disbursed over ₹2,400 crore in Odisha, with a loan book of about ₹1,800 crore across Hydro, Solar, Ethanol, and Manufacturing. He added that IREDA stands ready to finance shared hydrogen infrastructure, plug-and-play RE parks, distributed solar, and foreign-currency loans through its GIFT City subsidiary.

“Circularity, climate finance, and nature-positive development must move together, IREDA stands ready to partner with Odisha to deliver sustainable, community-centred growth for the future,” he said.

The event was graced by the Hon’ble Deputy Chief Minister of Odisha, Shri Kanak Vardhan Singh Deo, and Shri Vishal Kumar Dev, Principal Secretary (Energy), Government of Odisha, along with senior officials from various states, developers, academia, researchers, and other dignitaries.

Along with Shri Das, the panel discussion featured Ms. Lena Backer, Former Enforcement Director, Government of Sweden and Chairperson for Life, The Royal Foundation for Peace Global Fund; Prof. Madhavi Srinivasan, Executive Director, Energy Research Institute, Nanyang Technological University, Singapore; and moderated by Dr. Dhruba Purkayastha, Advisor (Climate and Energy), Observer Research Foundation.

Organised by the Government of Odisha in association with the Tony Blair Institute for Global Change and IIT Kanpur, the summit was held from 5–7 December.

Shri Das noted that India’s RE capacity has tripled since FY14 and is set to double again by FY2030, requiring an additional ₹28 lakh crore in investments.

With a vast RE potential, driven by Hydropower and Solar energy—the North-East stands poised to play a key role in India’s clean energy future. The North-East region has achieved significant progress in clean energy, with approximately 5 GW of renewable capacity — accounting for nearly 60% of its total installed power generation capacity.

IREDA has already sanctioned over ₹3,500 crore in financing to the region, offering concessional interest rates for RE projects, including a 50 basis points rebate for projects in the North-East and 50 basis points rebate for women-led projects. Under flagship schemes like PM-KUSUM and Rooftop Solar, IREDA has supported thousands of solar installations, including 3,800 solar pumps in Tripura and several rooftop projects across Assam.

Shri Das emphasized that with strengthened grid connectivity, targeted reforms, and innovative financing, the North-East can emerge as a green energy hub for India and beyond. “The North-East is our green frontier, IREDA is committed to empowering the region with clean, affordable, and reliable renewable energy”, he emphasized.

As a matter of fact, the majority of business vertical heads in IREDA as on date are from the Northeast, enabling a deeper understanding of local opportunities and challenges in renewable energy development.