In Short : In order to accelerate the growth of renewable energy (RE) in India, Pradip Kumar Das, CMD of the Indian Renewable Energy Development Agency (IREDA), underlined the necessity for creative financing strategies. He emphasized that solar, wind, and hybrid projects will be crucial to ensuring sustainable development and lowering dependency on nonrenewable resources while speaking at The Economic Times Rajasthan Business Summit 2025.
Encouraging Innovation and Strategic Growth:
Das noted that in order to support energy storage solutions, rooftop solar systems, and large-scale solar panel installations, financing instruments need to change. The renewable energy sector needs a strong capital infusion to keep up with its rapid technological growth, as evidenced by the increased investor interest in the share prices of solar industries and SW Solar.
Maintaining Customs While Adopting Technology:
The summit demonstrated how Rajasthan can serve as a center for utility-scale projects, decentralized renewable resources, and solar light applications due to its abundant solar potential. The state can create a robust and sustainable energy ecosystem by fusing contemporary solar system solutions with traditional energy requirements.
Impact and Relevance of Clean Energy:
Creative funding will open doors for quicker renewable resource deployment, increasing the affordability and accessibility of solar energy. This change boosts investor confidence in the solar industry while ensuring that India’s energy transition is in line with international sustainable development goals.
Concerning the Summit:
Policymakers, business executives, and investors gathered at the ET Rajasthan Business Summit 2025 to develop a plan for the expansion of renewable energy in India. The focus on solar, wind, and hybrid systems, backed by creative financing, highlights India’s determination to take the lead globally in the transition to clean energy.
