IREDA ready to support Indian RE sector

Mumbai: Addressing the 61st National Convention of Cost and Management Accountants at Ekta Nagar, Statue of Unity, Gujarat today, Mr. Pradip Kumar Das, Chairman and Managing Director, IREDA, outlined the pivotal role played by the organisation in supporting the development of renewable energy in India, backed by its significant domain expertise and special focus on corporate governance, including publication of annual audited financial results for FY2024 within 19 days – the fastest in the Indian banking and financial services sector and holding of annual general meeting of shareholders within 84 days.

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Das highlighted the large scale of investment required in infrastructure sectors in India (like power, roads, ports etc.) totalling Rs 220-260 lakh crores in 2024-30 as per the National Infrastructure Pipeline. Investment in renewable energy is expected to be Rs 30 lakh crore by 2030, unlocking an addressable debt market of over Rs 22 lakh crore for green finance institutions like IREDA.

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In line with the theme of ‘Green Advisory’, Mr. Das spoke about IREDA’s commitment to improving technology integration, operational excellence and policy alignment in the renewable energy sector through its advisory support and consultancy services.

According to CEEW, the Indian green consulting market, currently at Rs 2,000-2,500 crore, is expected to grow to Rs 14,000-16,000 crore by 2030, given the strong demand for renewable energy project consultancy services, environmental impact assessment and ESG reporting.

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