IREDA Pavilion Engages With Global Stakeholders At Munich Exhibition

The Indian Renewable Energy Development Agency (IREDA) had set up a pavilion an international renewable energy expo to educate visitors about the organisation. The three-day "Intersolar Europe 2023" exhibition was held in Munich, Germany, last week.

Visitors to the pavilion had the opportunity to learn about IREDA's initiatives in financing renewable energy projects, promoting energy efficiency, and supporting the growth of renewable energy sector in India, as per a release from the company.

The pavilion also served as a platform for networking and exploring potential business opportunities with IREDA, especially at the crucial time of energy transition and initial public offering (IPO) plan of IREDA, a Mini Ratna (Category-I) public sector enterprise under the administrative control of Union Ministry of New and Renewable Energy.

Inaugurating the pavilion, IREDA CMD Pradip Kumar Das said, "Intersolar Europe provided a valuable opportunity for IREDA to showcase our accomplishments and expertise in 'renewable energy financing' domain. It allowed us to engage with global stakeholders to foster collaborations, exchange ideas and drive the transition towards a greener and more sustainable future."

At the exhibition, team IREDA held meeting with KfW Development Bank to review the progress of the current line of credit, technical assistance and discussed potential future collaborations to support new and emerging renewable energy technologies. A meeting was held also with Commerz Bank, Germany, to explore collaborative opportunities and advancing partnerships.

IREDA officials also visited RCT GMbH at Konstanz, and a brief presentation was made by them on their global operations. RCT GMbH is the technology provider for Indosol solar manufacturing project. The two sides discussed the technology, milestones, and capital & operating expenditures for the project.

IREDA's participation in "Intersolar Europe 2023" highlights its commitment to contributing to the global renewable energy landscape and fostering sustainable development practices. Through 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 challenge of climate change, the release said.