Mumbai: Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency (IREDA), led a high-profile panel discussion on “Accelerating RE Deployment – Challenges and Solutions” at the 22nd Renewable Energy Summit, organized by the India Energy Forum at Hotel Le Meridien, New Delhi.
The session featured insightful dialogue among leading industry figures, including Mr. Sarit Maheshwari, CEO of NTPC Renewable Energy Ltd, Mr. Vivek Srivastava, CEO of WTG Division, Suzlon Energy, and Mr. Ashish Khanna, CEO of Adani Green Energy Ltd. Mr. Das moderated the session, setting the tone with a compelling overview of India’s renewable energy journey and its global leadership.
India’s Renewable Growth: Progress & Targets
In his opening remarks, Mr. Das highlighted that India’s installed renewable energy capacity has reached 234 GW as of June 2025, solidifying its position as the 4th-largest RE market in the world. He emphasized the critical importance of rapidly scaling capacity to meet the country’s ambitious 2030 goal of 485 GW, a more than twofold increase from the current base.
To meet these targets, India will need to triple its annual RE capacity additions from the current 20–30 GW to 50–60 GW, requiring bold policy support, technology innovation, and financial mobilisation at scale.
Key Challenges & Strategic Priorities
The panel focused on four core challenges confronting the renewable energy sector and explored actionable solutions:
- Boosting Domestic Manufacturing: Emphasis on leveraging government initiatives such as the Production Linked Incentive (PLI) scheme and Approved List of Models and Manufacturers (ALMM) to build a resilient supply chain.
- Streamlining Land Acquisition: Advocated for single-window clearance mechanisms to speed up project implementation.
- Expanding Grid Infrastructure: Called for proactive grid planning and accelerated investment in transmission networks to support variable renewable generation.
- Mobilizing Investment: Estimated that ₹30–32 lakh crore in investment would be needed by 2030, with a focus on innovative financing models and green bonds to meet the capital requirements.
IREDA’s Role in the Transition
Mr. Das reiterated IREDA’s pivotal role as India’s premier renewable energy financier. He underlined the organization’s efforts in enabling project development through tailored financial solutions, risk mitigation frameworks, and strategic partnerships. He also stressed the need for public-private collaboration to sustain India’s leadership in clean energy.
Collective Call for Action
The session concluded with a joint call for cohesive action among policymakers, investors, developers, and regulators. The panel agreed that cross-sectoral collaboration, policy certainty, and timely execution are essential to maintain India’s RE momentum and meet its climate commitments.
The 22nd Renewable Energy Summit served as a powerful platform to align industry and policy stakeholders, reaffirming India’s dedication to leading the global energy transition through innovation, inclusion, and investment.
read also: IREDA Posts Strong Q1 Growth, Reinforces Commitment to India’s Clean Energy Future – Details Inside
About IREDA
Indian Renewable Energy Development Agency Limited (IREDA) is a Public Limited Government Company established in 1987 under the administrative control of the Ministry of New and Renewable Energy (MNRE). It’s a Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India (RBI), and its primary function is to promote, develop, and provide financial assistance for renewable energy and energy efficiency/conservation projects. IREDA’s motto is “Energy for Ever”.
