IREDA sanctions ₹3,000 crore for Odisha's green energy projects
New Delhi: Indian Renewable Energy Development Agency (IREDA) has sanctioned over ₹3,000 crore for renewable energy projects in Odisha as the state works towards its target of achieving 10 GW capacity by 2030, CMD Pradip Kumar Das said on Friday. Speaking at the Odisha Solar Investor Conclave organized by GRIDCO, Das emphasized the importance of accessible financing in driving renewable energy adoption.
Das highlighted IREDA’s role in funding projects across solar, hydro, ethanol, and renewable energy manufacturing in Odisha, which is poised to become a leading solar power producer and equipment manufacturing hub.
Nationally, IREDA has sanctioned ₹2.08 lakh crore and disbursed ₹1.36 lakh crore for renewable energy projects. The agency has also supported emerging technologies such as ethanol, electric vehicle fleet financing, pumped storage hydropower, and green ammonia.
Das reiterated IREDA’s commitment to contributing 10-15% of India’s renewable energy debt financing as part of its efforts to accelerate the country’s transition to green energy.
- Published On Dec 24, 2024 at 08:23 AM IST
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