Indian Renewable Energy Development Agency Limited (IREDA) has signed a Memorandum of Understanding (MoU) with Goa Shipyard Limited (GSL) to provide its techno-financial expertise to set-up a rooftop solar power project. The two companies are PSUs under the Ministry of New and Renewable Energy and the Ministry of Defence, respectively.

The MoU was signed by Pradip Kumar Das, Chairman and Managing Director (CMD), IREDA and Bharat Bhushan Nagpal, CMD, GSL in the presence of senior officials. Under the MoU, IREDA will assist GSL to set-up a rooftop solar power project at the headquarters of the company situated in Vasco da Gama, Goa.

IREDA will also extend its techno-commercial expertise to GSL for environmental and social (E&S) due diligence of rooftop solar and other RE projects as per the internationally accepted E&S standards. After setting up a rooftop solar power project at its building, GSL will be able to bring down the expenditure on electricity and reduce its carbon footprint as well.

Speaking on the collaboration, Das said: “We are pleased to partner with GSL in their pursuit towards adoption of a clean energy solution. The partnership is expected to bring in good practices by leveraging the expertise of both the companies and to push the vision of Prime Minister Narendra Modi for sustainable development of the country through green energy.”

It is worth noting that the Government of India aims to produce 40 GW of solar power through rooftop solar by the end of 2022, and these collaborations will enable us to contribute to meeting the targets set by the Centre. In order to cater to the increasing demand of the RE sector, a dedicated Business Development and Consultancy division was set up by IREDA one and a half years ago. /BI/