Viksit Odisha / Odisha bags Rs1.17 lakh crore green energy investment, signs 18 MoUs

New Delhi/Bhubaneswar, Nov 3: Odisha secured investment proposals worth approximately Rs1.17 lakh crore in the renewable energy sector after signing 18 Memorandum of Understanding (MoUs) at the India Renewable Energy Expo and Conference 2026 held at Bharat Mandapam in New Delhi on Tuesday, officials said.

The proposed investments, amounting to Rs1,17,557 crore, are expected to add 11,742 MW of renewable energy generation capacity in the State, marking one of the largest green energy commitments received by Odisha in recent years.

Under the leadership of Hon’ble Chief Minister Shri @MohanMOdisha , Odisha has taken another significant step towards strengthening its renewable energy ecosystem. At the Bharat Renewable Energy Summit & Expo 2026 in New Delhi, 18 Memoranda of Understanding (MoUs) were exchanged, representing prospective investment proposals worth approximately ₹1.17 lakh crore and a tentative capacity addition of around 11,742 MW. The proposed investments span pumped storage, solar, wind, hybrid renewable energy, battery storage, green hydrogen, green data centres and other emerging clean-energy technologies. These partnerships reflect growing industry interest in Odisha’s renewable energy potential and reinforce the State’s commitment to sustainable industrial development and India's clean-energy transition. #Odisha #RenewableEnergy #CleanEnergy #InvestInOdisha #BharatRESummit2026

— CMO Odisha (@CMO_Odisha) November 3, 2026

Historic Moment

Describing the development as a “watershed moment” for Odisha's clean energy journey, Chief Minister Mohan Charan Majhi said the State would play a significant role in achieving India's renewable energy and energy security goals envisioned by Prime Minister Narendra Modi.

The investments will span a range of renewable and emerging energy sectors, including pumped storage projects, solar and wind energy, hybrid renewable systems, battery energy storage, green hydrogen, green data centres and other advanced technologies.

The MoUs were exchanged in the presence of the Chief Minister and Deputy Chief Minister Kanak Vardhan Singh Deo following the inauguration of the Odisha Pavilion and the Netherlands Pavilion at the event.

Investor Opportunities

Addressing a State session on “Investment Opportunities in Renewable Energy in Odisha”, CM Majhi outlined Odisha's long-term strategy to emerge as a leading clean energy hub and become one of India's top five power-exporting States.

He said the State has set a target of sourcing 74% of its installed power capacity from non-fossil fuel sources by 2047, while at least 33% of industrial power demand would be met through affordable green energy.

Highlighting future opportunities, the Chief Minister said Odisha aims to develop 7,000 MW of floating solar capacity by 2036, 26,000 MW of pumped storage capacity by 2047, and 1,000 MW of wind energy generation, creating substantial scope for investors.

Centre's Endorsement

Union Minister for New and Renewable Energy Pralhad Joshi lauded Odisha's role in India's green energy transition, citing its natural resources, industrial base and port infrastructure as key advantages for renewable energy investments.

He emphasised the potential for investment in energy storage, floating solar, wind power, green hydrogen and green ammonia, while underscoring the importance of collaboration between governments and industry.
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The Chief Minister also highlighted the State government's commitment to stable policies, time-bound approvals through a single-window mechanism and robust transmission infrastructure. He noted that Rs15,948 crore has been approved under the Mukhyamantri Shakti Vikas Yojana for expansion of Odisha's power transmission network.

The conference witnessed participation from leading domestic and international companies including NLC India, Adani Ports & SEZ, Avaada Group, Greenko Group, ACME Group, Everen and Brookfield Renewables, reflecting growing global interest in Odisha's renewable energy sector.