Shri Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency Limited (IREDA), shared his perspectives on India’s renewable energy potential at the Rising Rajasthan Global Investment Summit 2024 in Jaipur. Speaking during the session titled “Indo-German Cooperation in Renewable Energy Sector: Current Initiatives and Future Opportunities,” organized by Germany, Shri Das highlighted Rajasthan’s pivotal role in driving India’s renewable energy ambitions and presented significant investment opportunities for Germany in this sector.
Detailing Rajasthan’s impressive progress, Shri Das noted that the state had achieved a total installed capacity of 46.6 GW as of October 2024, with renewable energy sources contributing 31.8 GW, including 24.6 GW from solar power alone. He also mentioned that IREDA’s loan portfolio for Rajasthan amounted to approximately Rs. 8,600 crores as of 30th September 2024, representing 13.30% of its total loan book. This reflects Rajasthan’s vast potential for renewable energy development and its crucial role in achieving India’s green energy targets.
Shri Das emphasized the significance of Indo-German collaboration in creating a sustainable future and proposed several initiatives to achieve shared objectives. These included establishing globally integrated and diversified renewable energy supply chains in India, enhancing access to affordable financing, fostering technological advancements and innovation, strengthening the renewable energy ecosystem, and encouraging greater participation of women in the sector.
He reaffirmed IREDA’s commitment to supporting Rajasthan’s renewable energy progress and building strategic international partnerships with Germany to accelerate the development of the renewable energy sector.
