The Future of Green Energy Stock
IREDA’s Investment in Green Energy Projects in Odisha
GREEN Energy Stock – The Indian Renewable Energy Development Agency Limited(IREDA) has approved more than Rs 3,000 crore for various green energy projects in Odisha. These projects cover solar, hydro, ethanol, and renewable energy manufacturing sectors. The Chairman and Managing Director of IREDA, Pradip Kumar Das, made this announcement at the Odisha Solar Investor Conclave.
Odisha’s Renewable Energy Goals
Das reiterated IREDA’s commitment to Odisha’s goal of achieving 10 GW capacity in renewable energy by 2030. He also highlighted IREDA’s role as a competitive financier with efficient and borrower-friendly operations.
IREDA’s National Contributions
GREEN Energy Stock IREDA has sanctioned over 2.08 lakh crore and disbursed 1.36 lakh crore towards renewable energy projects nationwide. The company is focused on supporting emerging technologies like ethanol, EV fleet financing, pumped storage hydropower, and green ammonia.
Government Support for Renewable Energy
Odisha Deputy Chief Minister K V Singh Deo emphasized the government’s commitment to renewable energy and attracting investors to create more job opportunities in the state. The Principal Secretary of the Energy Department, Vishal Kumar Dev, also highlighted Odisha’s transition towards clean and affordable energy.
Solar Power in Odisha
GREEN Energy Stock IREDA Solar power currently accounts for 21% of Odisha’s total renewable energy capacity. The state has significant potential for solar power production, with districts like Sundargarh, Angul, Balangir, Jharsuguda, and Dhenkanal leading the way.
The Future of Renewable Energy
Gridco managing director Trilochan Panda mentioned the state’s potential for 200GW of renewable energy, with a focus on floating solar, rooftop solar, and PM Kusum. President of iFOREST, Chandra Bhushan, emphasized the importance of clean energy in building a green economy and predicted significant growth in the renewable energy sector in the coming years.
Also read :Â Zerodha Founder Nithin Kamath’s Investments in Sustainable Solutions
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