https://indianmasterminds.com

ADVERTISEMENT
ADVERTISEMENT

IREDA’s New Venture: Accelerating Green Hydrogen and Renewable Energy Manufacturing

Indian Masterminds Stories

Indian Renewable Energy Development Agency Ltd. (IREDA) has established a specialized office in GIFT City, Gandhinagar, aimed at offering debt options denominated in foreign currencies. This strategic step is set to revolutionize the financing landscape for Green Hydrogen and Renewable Energy Manufacturing projects, providing natural hedging and reducing financing costs significantly.

Chairperson’s Vision at World Future Energy Summit

Shri Pradip Kumar Das, Chairperson & Managing Director of IREDA, underscored the significance of this initiative during a panel discussion titled “Future Growth Opportunities for Long Duration Energy Storage” at the 2024 World Future Energy Summit in Abu Dhabi on April 17, 2024. He outlined how this move aligns with the nation’s aspirations for a greener future.

Empowering the Green Hydrogen Mission

Das emphasized the pivotal role of energy storage in realizing the National Green Hydrogen Mission’s ambitious target of over 5 million metric tons per annum (MTPA) of hydrogen production by 2030. He outlined key priorities for advancing storage technologies to meet this target.

Priorities for Advancing Energy Storage

The CMD highlighted the imperative of boosting research and development efforts to enhance the cost-effectiveness and performance of energy storage solutions. He also stressed the importance of implementing policies that strengthen the supply chain network crucial for successful deployment. Das emphasized that providing competitive and tailored financial solutions will be instrumental in driving investment in energy storage projects.

India has been proactive in this realm, with initiatives such as formulating a storage requirement roadmap up to 2047, technology-agnostic storage tenders, and supportive government interventions for battery manufacturing and pumped storage hydropower projects. The Central Electricity Authority of India anticipates a storage requirement of nearly 400 gigawatt-hours (GWh) by 2030-32, with an estimated investment exceeding Rs. 3.5 lakh crores.

IREDA has consistently led in renewable energy financing by offering innovative products for emerging technologies at competitive rates. The establishment of this new office in GIFT City underscores IREDA’s commitment to supporting the deployment of energy storage technologies in India.


Indian Masterminds Stories
ADVERTISEMENT
ADVERTISEMENT
Related Stories
ADVERTISEMENT
ADVERTISEMENT
NEWS
India’s Missile Strikes on 11 Pakistani Airbases Forced Islamabad Into Panic: Ex-UK Envoy Reveals Secret Saudi Defense Pact
India’s Missile Strikes on 11 Pakistani Airbases Forced Islamabad Into Panic: Ex-UK Envoy Reveals Secret Saudi Defense Pact
Devendra Kumar Tiwari Alka Tiwari  IAS Jharkhand
First IAS Couple in India to Hold Both Chief Secretary & State Election Commissioner Posts Consecutively - Know This Powerful Pair
Policing, Trust, and Investment: Insights from IPF - Indian Masterminds
Indian Police Foundation Marks 10 Years, Discussion on How Policing Builds Investor Confidence
Madhya Pradesh football training
Mini Brazil to Germany: Vicharpur’s Young Footballers Get CM Mohan Yadav’s Blessings on Vijayadashami Week
bureaucracy news
Centre Announces Key Bureaucratic Appointments & Deputation Extensions: Neeraj Surendran, Arun G, Anand Mohan Among Key Names
PM Modi CM Nitish Kumar
Bihar Receives Rs. 10,219 Crore from Centre: A Festive Gift On Vijayadashami to Fuel Development & Welfare, Backed by GST Reforms
Chhattisgarh government
Chhattisgarh CM Charts Development Roadmap: Push for Capital Expenditure, Biometric Attendance, & Transparent Governance
Vishnu Deo Sai CM
Chhattisgarh Gets Rs. 3,462 Crore Boost from Modi Government: Here's How CM Sai Pledges To Spend It!
ADVERTISEMENT
ADVERTISEMENT
Videos
IFS Ravikant Meena UPSC IFS
Ravikant Meena on IFS Preparation, Optionals, and Life in Forest Service
Siddhartha Saxena UPSC CAPF
How Siddhartha Saxena Cracked UPSC CAPF AIR 326 Against All Odds
Dr. S.K
Technology Meets Ecology: IFS Dr S K Srivastava’s Game-Changing Innovations in Forest Management | Eco Warrior Awards 2025 Interview
ADVERTISEMENT
UPSC Stories
UPSC Chairman Ajay Kumar Live Interaction
From Cut-off Dates to Coaching & Reforms: UPSC Chairman Ajay Kumar Assures Aspirants of Fairness, Transparency & a Future-Ready UPSC | UPSC@100
A Century of Service: The UPSC’s Landmark Year Begins. Chairman Ajay Kumar on UPSC’s Centennial: “Merit,...
Giriraj Parihar MPPSC 2024
From Constable to Deputy Collector: Giriraj Parihar’s 9-Year MPPSC Journey | Farmer’s Son, Brother to Five Sisters
From a jail guard to MPPSC 2024 Rank 8, Giriraj Parihar’s nine-year journey of self-study, hard work,...
Ankit MPPSC 2024 Rank 3
From Village Dreams to Deputy Collector’s Chair: Meet Ankit, MPPSC Rank 3 Hindi Medium Topper
Ankit, a Hindi-medium aspirant from Balaghat, secured Rank 3 in MPPSC 2024 and became Deputy Collector...
Social Media
World Rhino Day India
On World Rhino Day, IFS Officer Parveen Kaswan Shares Rare Insights - India Now Hosts 80% of the World’s One-Horned Rhinos
September 22 Marks Global Call for Rhino Conservation; India Holds 80% of World’s Greater One-Horned...
Parag Madhukar Dhakate
Relentless Rains Wreak Havoc in Dehradun: IFS officer PM Dhakate Warns Citizens Amid Flash Floods
Cloudbursts in Dehradun triggered flash floods. IFS officer Dr. PM Dhakate warned citizens to stay indoors...
Forest Guard Tiger Encounter
Tigers Clash in the Wild as Forest Guards Capture Rare Footage , Retired IFS Mohan Pargaien Posts Viral Video
Retired IFS officer Mohan Pargaien shares viral video of three tigers brawling in Ramnagar, as forest...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Latest
India’s Missile Strikes on 11 Pakistani Airbases Forced Islamabad Into Panic: Ex-UK Envoy Reveals Secret Saudi Defense Pact
India’s Missile Strikes on 11 Pakistani Airbases Forced Islamabad Into Panic: Ex-UK Envoy Reveals Secret Saudi Defense Pact
Devendra Kumar Tiwari Alka Tiwari  IAS Jharkhand
First IAS Couple in India to Hold Both Chief Secretary & State Election Commissioner Posts Consecutively - Know This Powerful Pair
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
Videos
IFS Ravikant Meena UPSC IFS
Siddhartha Saxena UPSC CAPF
Dr. S.K
ADVERTISEMENT
ADVERTISEMENT