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India’s Energy Transition Requires INR 30-32 Lakh Crore Investments by 2030: IREDA CMD

India will need investments of INR 30–32 lakh crore by 2030 to achieve its energy transition goals, according to IREDA CMD Pradip Kumar Das, who emphasised the importance of strategic policy support and green finance reforms.

April 04, 2025. By Mrinmoy Dey

India’s energy transition will require investments in the range of INR 30–32 lakh crore by 2030, said Pradip Kumar Das, Chairman and Managing Director, Indian Renewable Energy Development Agency (IREDA) at the 24th Foundation Day of the Petroleum Planning and Analysis Cell (PPAC).

Speaking during a panel discussion on ‘Financing Mechanism for Energy Transition’, he stressed the need for strategic policy interventions to unlock both international capital and deepen the domestic green finance market.

Key among his recommendations was the creation of a globally harmonised green taxonomy to streamline and attract larger volumes of investment into the renewable energy sector. He further proposed introducing AUM-linked investment obligations for domestic pension and insurance funds, along with green financing mandates for banks, to build a robust and sustainable green capital market within the country.

He further underscored that with the right credit appraisal expertise, risk in RE projects can be well managed as evidenced by a miniscule write-off for IREDA since inception.

The session was moderated by Gurpreet Chugh, MD – India, ICF and featured distinguished speakers, including Praveena Rai, MD and CEO, MCX, Rajasree, Economic Advisor, MoEFCC, Vibhuti Garg, Director (South Asia), IEEFA and Pradip Kumar Das, CMD IREDA.

The session explored a broad spectrum of issues, including the scale of investment required for India’s energy transition, available funding sources, major challenges in mobilising capital, and critical policy measures needed to bridge the financing gap.

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Petroleum Planning and Analysis Cell

PPAC foundation day

Energy Transition in India

Energy transition

Green financing in India