IREDA Showcases Renewable Energy Financing Initiatives at Intersolar Europe 2023 Exhibition in Munich
Date: June 20, 2023
IREDA, the Indian Renewable Energy Development Agency, recently participated in the prestigious “Intersolar Europe 2023” exhibition held in Munich, Germany. The three-day event, which took place from June 14th to 16th, provided IREDA with a platform to engage with global stakeholders and drive the transition to a more sustainable future.
IREDA, a leading government enterprise under the Ministry of New and Renewable Energy, set up an impressive pavilion at the exhibition. The pavilion aimed to educate visitors about IREDA’s initiatives in financing renewable energy projects, promoting energy efficiency, and supporting the growth of the renewable energy sector in India. Additionally, it served as a networking hub and facilitated discussions on potential business opportunities, particularly in light of IREDA’s upcoming Initial Public Offering (IPO) plan and the crucial time of energy transition.
The pavilion’s inauguration was led by Pradip Kumar Das, CMD of IREDA, who expressed his satisfaction with the organization’s participation. He emphasized the value of Intersolar Europe as a platform for showcasing IREDA’s expertise and accomplishments in the renewable energy financing domain. Das further highlighted the significance of engaging with global stakeholders to foster collaborations, exchange ideas, and drive the transition towards a greener and more sustainable future.
During the exhibition, IREDA’s team had fruitful discussions with key partners. They met with KfW Development Bank to review the progress of the current line of credit, discuss technical assistance, and explore potential collaborations to support new and emerging renewable energy technologies. Furthermore, a meeting was held with Commerz Bank, Germany to identify collaborative opportunities and advance partnerships in the renewable energy sector.
As part of their visit, IREDA officials also traveled to Konstanz to meet with RCT GMbH. A comprehensive presentation was delivered, highlighting RCT GMbH’s global operations and its role as the technology provider for the Indosol Solar Manufacturing project. The discussions revolved around technology aspects, project milestones, and the required capital and operating expenditures.
IREDA’s participation in the “Intersolar Europe 2023” exhibition underlines its commitment to contributing to the global renewable energy landscape and promoting sustainable development practices. By leveraging collaborative efforts and innovative solutions, IREDA continues to play a pivotal role in India’s journey towards achieving its renewable energy goals and addressing the challenges of climate change.
As the world recognizes the urgency of transitioning to cleaner energy sources, IREDA’s active engagement with international stakeholders at events like Intersolar Europe reinforces its dedication to shaping a more sustainable future for India and the world.
