Inclusive Energy Transition Needs Bankable Solutions: IREDA CMD, Pradip Kumar Das at IEW 2026

“Viksit Bharat will be built not on slogans, but on reliable data, realistic policy and patient capital,” said Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency Ltd. (IREDA), while addressing India Energy Week 2026 in Goa.

Das participated in two panel discussions at India Energy Week (IEW) 2026, where he underlined the need for bankable solutions and data-driven policy to ensure an inclusive and sustainable energy transition.

Speaking at the panel on 'Empowering Economic Policy with Energy Data: Steering India’s Growth towards Viksit Bharat,' Das said energy data is no longer just a technical input but a strategic economic instrument that shapes investment decisions, pricing mechanisms and policy choices. He emphasised that India’s growth trajectory must be guided by credible data, realistic policy frameworks and long-term capital.

Highlighting IREDA’s approach, he said that the institution ensures capital flows not only to large infrastructure projects but also to decentralised and community-level solutions, making the transition inclusive, durable and sustainable. He added that institutions such as IREDA translate India’s energy vision into bankable reality by aligning growth, sustainability and affordability.

At another panel on 'Startup Climate Technology Innovations: From R&D Margins to Market Mainstream,'  Das outlined IREDA’s role in building a robust clean energy financial ecosystem. He said that  IREDA was created not merely as a lender, but as a sector-focused financial institution mandated to deepen markets and reduce the cost of capital for clean energy.

He noted that through long-tenor, sector-aligned debt, standardised appraisal frameworks and co-lending with banks, IREDA has supported the scaling up of mainstream renewable energy segments such as solar, wind and hydro, while also enabling distributed sectors including rooftop solar and the PM-KUSUM scheme through an aggregator-based model.

Das further said that IREDA has expanded from financing mature renewable assets to supporting emerging sectors. This includes early backing for pumped storage hydropower projects and structured financing for green hydrogen and green ammonia projects, linked to phased commissioning and evolving offtake arrangements.