New Delhi, April 26 -- The Chairperson and Managing Director (CMD) of Indian Renewable Energy Development Agency Ltd. (IREDA) has underscored the need for innovative financing solutions to accelerate the adoption of new and emerging renewable energy technologies.
In a panel discussion at the 26th World Energy Congress in Rotterdam, Pradip Kumar Das emphasised IREDA's efforts to facilitate financing for transition projects through innovative financial instruments that mitigate risks and encourage private sector participation.
He proposed allocating 4 5 per cent of domestic pension and insurance funds' assets under management to renewable energy bonds to deepen the market and attract more investments.
Addressing energy security concerns...