07 Jul 2020 | 1700-1830 hrs IST
As India prepares for its economic recovery post the pandemic, a huge strategic opportunity lies in greening financial flows and investing in green projects in the country. This will ensure that new assets create sustainable clean jobs, are good for the air quality and the environment, and increase India’s energy independence as aligned with the Government’s Atma Nirbhar Bharat Abhiyan.
IREDA plans to establish a dedicated 'Green Window' to expand its focus on the critical yet nascent clean energy segments – such as storage, hybrid projects, e-mobility and distributed renewable energy. The Green Window will work to develop these underserved segments with greater access to finance. It has the potential to play a market-making role by using strategies such as risk mitigation, aggregation of small projects to diversify risk, and to scale strategic public-private co-investments, demonstration projects and market development activities.
The webinar will highlight how catalytic green finance mechanisms can make a strong impact on accelerating India’s clean energy transformation. IREDA, NRDC and CEEW will also be releasing a draft plan for operationalising the Green Window.