Topic: renewable energy

The new subsidiary, IREDA Global Green Energy Finance IFSC Limited, was formally incorporated on May 7, 2024, and has received an 'No Objection Letter' from the Reserve Bank of India.

Global Electricity Review 2024, published in energy think tank Ember's annual report, says that for 1st time in world, renewable energy is accounting for 30% of total energy generation.

The decision to expand operations into GIFT, a growing hub for financial services in India, comes as REC continues to diversify its portfolio and explore new avenues for growth.

This was stated by the IREDA CMD Pradip Kumar Das during a panel discussion at the 26th edition of the World Energy Congress held in Rotterdam, Netherlands.This was stated by the IREDA CMD Pradip Kumar Das during a panel discussion at the 26th edition of the World Energy Congress held in Rotterdam, Netherlands.

This new initiative by IREDA is expected to play a key role in the implementation of the National Green Hydrogen Mission of India, which has set a target of producing more than 5 million metric tons of hydrogen per annum (MTPA) by 2030.

This new initiative by IREDA is expected to play a key role in the implementation of the National Green Hydrogen Mission of India, which has set a target of producing more than 5 million metric tons of hydrogen per annum (MTPA) by 2030.

The event was a platform for the veterans to share their experiences and offer inputs for the future trajectory of the company.

According to the company, its total loan sanctions reached Rs. 37,354 crores, while the loan disbursements totaled Rs. 25,089 crores.

At ongoing Raisina Dialogue in New Delhi, it was announced the two countries would jointly host a conference to make investors aware of business opportunities in the sector.

Climate Analytics report said global renewable energy capacity needs to grow 3.4-3.6 times by 2030 & that goal of tripling renewables should be treated 'as a floor, not a ceiling'.