IREDA CMD Pradip Kumar Das Outlines Strategy for "Viksit Bharat" at India Energy Week 2026

GOA – Shri Pradip Kumar Das, Chairman & Managing Director of Indian Renewable Energy Development Agency Ltd. (IREDA), played a central role at India Energy Week 2026, participating in two high-level panel discussions. His addresses focused on the transition from "slogans to solutions," emphasizing that India's journey toward a developed nation (Viksit Bharat) depends on the strategic use of energy data and the mobilization of "patient capital."

Speaking from the global energy forum in Goa, Shri Das highlighted IREDA's evolution from a traditional lender to a specialized financial catalyst for both mature and emerging clean energy technologies.

Key Takeaways: Empowering Policy with Energy Data

During the session "Empowering Economic Policy with Energy Data: Steering India’s Growth towards Viksit Bharat," Shri Das redefined the role of data in the energy sector.

• Strategic Economic Instrument: Energy data is no longer just a technical metric but a guide for investment, pricing, and policy choices.
• Inclusive Capital Flow: IREDA is ensuring that finance reaches not only massive utility-scale projects but also decentralized and community-level solutions (e.g., rooftop solar).
• Core Philosophy: Das stated that the vision for 2047 will be built on "reliable data, realistic policy, and patient capital."

Scaling Climate Tech: From R&D to Mainstream

At the second panel, "Startup Climate Technology Innovations: From R&D Margins to Market Mainstream," Shri Das detailed IREDA's role in lowering the cost of capital.

• Standardized Appraisal: By creating frameworks and co-lending with commercial banks, IREDA has de-risked investments in solar, wind, and hydro.
• Support for Distributed Segments: IREDA remains a primary financier for the PM-KUSUM scheme (solar pumps for farmers) and Rooftop Solar initiatives in aggregator mode.
• Emerging Sectors: The CMD noted that IREDA is now providing early-stage support for Pumped Storage Hydropower and structured financing for Green Hydrogen and Green Ammonia projects.