Odisha Signs 18 MoUs for ₹1.17 Lakh Crore Clean Energy Investments

Odisha has attracted investment proposals worth ₹1.17 lakh crore through 18 MoUs for renewable energy projects with a combined proposed capacity of 11,742 MW at the Bharat Renewable Energy Summit 2026 in New Delhi.

The projects will cover pumped hydro storage, solar and wind power, hybrid energy, battery storage, green hydrogen and green data centres. Major proposals include Fenice Hydrogen’s ₹23,750 crore green hydrogen project, Shivalaya Construction’s ₹22,000 crore pumped storage project, MACLEC’s ₹19,444 crore hydropower project and investments by Hinduja Renewables, MeghaMani and ReNew.

Chief Minister Mohan Charan Majhi termed the development a major milestone in Odisha’s clean energy journey. He announced the state’s ambition to become one of India’s top five power-exporting states and achieve 74% non-fossil fuel-based installed power capacity by 2047.

The government also aims to meet at least 33% of industrial electricity demand through green energy. Majhi assured investors of stable policies, faster approvals and improved transmission infrastructure, highlighting an allocation of ₹15,948 crore under the Mukhya Mantri Shakti Bikash Yojana.

Union Minister Pralhad Joshi highlighted Odisha’s potential in renewable energy, storage, floating solar and green hydrogen. Deputy CM KV Singh Deo highlighted the state’s ability to meet a peak power demand of 6,242 MW without scheduled load shedding.

Odisha currently has 3,641.23 MW of renewable energy capacity and aims to reach 10.96 GW by 2030. GRIDCO also signed cooperation agreements with institutions in Odisha and Madhya Pradesh to strengthen research, grid modernisation and renewable energy integration.