Industrial Automation Magazine India

IREDA poised to support Renewable Energy Sector in India

Published on : Monday 01-07-2024

Renewable Energy investment is projected at ~Rs 30 lakh crore till 2030 unlocking an addressable debt market of over rs 22 lakh crore.

New Delhi, July 01, 2024 – Addressing the 61st National Cost and Management Accountants’ Convention at Ekta Nagar, Statue of Unity in Gujarat recently, Mr Pradip Kumar Das, CMD IREDA, showcased its pivotal role in supporting Renewable Energy growth in India, backed by substantial industry expertise and a dedicated focus towards Corporate Governance including publication of FY24 Annual Audited Financial Results within 19 days – the fastest in India's Banking & Financial Services sector & holding of Annual General Meeting within 84 days.

Mr Das emphasized the large scale of investments required across infrastructure sectors in India (such as Power, Roads, Ports, etc.) totaling Rs 220-260 Lakh Crores between FY24 to FY30 as per the National Infrastructure Pipeline. Of this, the Renewable Energy investment is projected at ~Rs 30 lakh crore till 2030 unlocking an addressable debt market of over rs 22 lakh crore for green financing institutions such as IREDA.

Pursuant to the topic of 'Green Consulting', Mr. Das spoke about IREDA’s commitment to advancing technological integration, operational excellence, and policy alignment within the Renewable Energy sector through its advisory support & consulting services. India's Green Consulting market currently at Rs 2,000-2,500 Crores as per CEEW is expected to touch Rs 14,000-16,000 Crores by 2030 given strong demand for RE project advisory, impact assessment & ESG reporting services.

______________________________________________________________________________________________

For a deeper dive into the dynamic world of Industrial Automation and Robotic Process Automation (RPA), explore our comprehensive collection of articles and news covering cutting-edge technologies, robotics, PLC programming, SCADA systems, and the latest advancements in the Industrial Automation realm. Uncover valuable insights and stay abreast of industry trends by delving into the rest of our articles on Industrial Automation and RPA at www.industrialautomationindia.in