New Delhi: Mr. Pradip Kumar Das, Chairman and Managing Director of Indian Renewable Energy Development Agency Ltd. (IREDA), delivered a keynote address on “Opportunities for Green Hydrogen Investment and Trading in India” at the International Conference on Green Hydrogen (ICGH 2025) held at Bharat Mandapam, New Delhi.
Green Hydrogen: A Strategic Opportunity for India
During his address, Mr. Das highlighted that Green Hydrogen offers India a crucial opportunity to accelerate its clean energy transition, reduce reliance on fossil fuels, and emerge as a global leader in sustainable hydrogen trade. He cited the International Energy Agency’s (IEA) Green Hydrogen Review 2025, which estimates that global production capacity could reach 37 MTPA by 2030, far below the projected demand of 150 MTPA. Mr. Das emphasized that this supply-demand gap presents a significant opening for India to position itself at the forefront of the global green hydrogen market.
Government Initiatives Fuel Growth
Mr. Das praised the Government of India’s proactive approach through the National Green Hydrogen Mission (NGHM), targeting 5 MTPA of Green Hydrogen production by 2030. The mission is backed by ₹19,744 crore in government investment, with an expected mobilization of over ₹8 lakh crore in total green sector investments. He underscored that this initiative will drive large-scale adoption, technological innovation, and industrial growth in the sector.
IREDA’s Role in Financing and De-Risking Projects
Mr. Das detailed IREDA’s active role in supporting the mission. The agency has already financed its first Green Ammonia project and, through its subsidiary in GIFT City, will provide foreign currency loans for export-oriented Green Hydrogen manufacturers. This initiative aims to reduce developers’ hedging costs by 250–350 basis points, making projects more financially viable.
India’s Global Potential in Green Hydrogen
Highlighting India’s favorable resources, industrial demand, and export prospects, Mr. Das reaffirmed IREDA’s commitment to financing, de-risking, and accelerating the growth of the Green Hydrogen ecosystem. He emphasized that innovation and strategic partnerships will be key drivers in positioning India as a global hub for Green Hydrogen production and trading.
About IREDA
IREDA is a leading public sector undertaking (PSU) in India, focused on promoting, financing, and supporting renewable energy projects across the country. With its strategic role in advancing clean energy solutions, IREDA has been instrumental in implementing India’s green energy agenda, including solar, wind, and emerging hydrogen technologies.
