Renewable energy projects need debt financing over grants
POWER & RENEWABLE ENERGY

Renewable energy projects need debt financing over grants

Emphasising the need for competitive debt financing over grants, Pradip Kumar Das, Chairman and Managing Director of Indian Renewable Energy Development Agency Limited (IREDA), highlighted the importance of strategic funding mechanisms for renewable energy projects. Speaking at the Bhutan-India Renewable Energy Roundtable in Thimphu, Das outlined how such financing could accelerate the region’s clean energy transition. The event was jointly organised by the governments of India and Bhutan, focusing on enhancing renewable energy cooperation. Das noted that IREDA is prepared to support Bhutan’s renewable energy initiatives within the regulatory framework set by the Reserve Bank of India (RBI) and the Ministry of New and Renewable Energy (MNRE). He assured that IREDA would adopt a 360-degree evaluation approach, ensuring robust project funding options that are both sustainable and viable for long-term growth. “IREDA’s experience in the sector allows us to offer competitive interest rates and long-term loan tenures, which can significantly drive Bhutan’s renewable energy growth trajectory,” he said. He also suggested that Bhutan explore rooftop solar development in addition to its existing hydro power capabilities. “Rooftop solar could be a key area of development that complements Bhutan’s renewable resources. With large hydro power now classified as renewable energy, IREDA can also support financing for such projects, reinforcing our commitment to decarbonisation and clean energy initiatives,” Das added. Participating in the discussion, S.K. Dey, General Manager (Projects), IREDA, spoke during the session titled “Role of Solar Energy in Energy Mix.” He highlighted the potential of blended financing models to develop solar projects in Bhutan, stressing that combining various funding sources like equity, loans, and grants could effectively drive growth in the sector.

Emphasising the need for competitive debt financing over grants, Pradip Kumar Das, Chairman and Managing Director of Indian Renewable Energy Development Agency Limited (IREDA), highlighted the importance of strategic funding mechanisms for renewable energy projects. Speaking at the Bhutan-India Renewable Energy Roundtable in Thimphu, Das outlined how such financing could accelerate the region’s clean energy transition. The event was jointly organised by the governments of India and Bhutan, focusing on enhancing renewable energy cooperation. Das noted that IREDA is prepared to support Bhutan’s renewable energy initiatives within the regulatory framework set by the Reserve Bank of India (RBI) and the Ministry of New and Renewable Energy (MNRE). He assured that IREDA would adopt a 360-degree evaluation approach, ensuring robust project funding options that are both sustainable and viable for long-term growth. “IREDA’s experience in the sector allows us to offer competitive interest rates and long-term loan tenures, which can significantly drive Bhutan’s renewable energy growth trajectory,” he said. He also suggested that Bhutan explore rooftop solar development in addition to its existing hydro power capabilities. “Rooftop solar could be a key area of development that complements Bhutan’s renewable resources. With large hydro power now classified as renewable energy, IREDA can also support financing for such projects, reinforcing our commitment to decarbonisation and clean energy initiatives,” Das added. Participating in the discussion, S.K. Dey, General Manager (Projects), IREDA, spoke during the session titled “Role of Solar Energy in Energy Mix.” He highlighted the potential of blended financing models to develop solar projects in Bhutan, stressing that combining various funding sources like equity, loans, and grants could effectively drive growth in the sector.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?