Key Highlights:
- Odisha attracted investment proposals worth approximately ₹1,17,557 crore through 18 MoUs signed during the Bharat Renewable Energy Summit & Expo 2026.
- The proposed projects represent a tentative clean energy capacity addition of around 11,742 MW across renewable energy and emerging technology segments.
- The investments span pumped storage, solar, wind, hybrid renewable energy, battery storage, green hydrogen, green data centres, and other clean energy technologies.
- Chief Minister Mohan Charan Majhi described the development as a watershed moment in Odisha’s clean energy transition and reiterated the state’s commitment to supporting India’s clean energy ambitions.
- Odisha is investing ₹15,948 crore under the Mukhya Mantri Shakti Bikash Yojana to modernise and expand its power transmission infrastructure.
- The state aims to source 74% of its installed power capacity from non-fossil fuel sources by 2047 and emerge as one of India’s leading power-exporting states.
New Delhi/Bhubaneswar, November 6, 2026: Odisha has attracted prospective investment proposals worth approximately ₹1,17,557 crore through 18 Memoranda of Understanding (MoUs) signed during the Bharat Renewable Energy Summit & Expo 2026 held at Bharat Mandapam, New Delhi.
The proposed investments represent a tentative capacity addition of nearly 11,742 MW across renewable energy and emerging clean-energy sectors.
The projects span a broad range of technologies including:
- Pumped storage
- Solar energy
- Wind energy
- Hybrid renewable energy
- Battery energy storage
- Green hydrogen
- Green data centres
- Emerging clean-energy technologies
Major Milestone for Odisha’s Energy Transition
Expressing satisfaction over the investor response, Mohan Charan Majhi, Chief Minister of Odisha, described the development as a landmark moment in the state’s clean-energy journey.
He stated that Odisha is well-positioned to contribute significantly to the Prime Minister’s vision of making India self-reliant in clean energy while accelerating its own transition towards sustainable power generation.
The MoUs were exchanged following the inauguration of the Odisha Pavilion by:
- Mohan Charan Majhi, Chief Minister of Odisha
- Kanak Vardhan Singh Deo, Deputy Chief Minister of Odisha
The dignitaries also inaugurated the Netherlands Pavilion during the event.
Dr. Satya Priya Rath, Managing Director, GRIDCO Limited, exchanged the MoUs with participating industry partners in their presence.
The event was followed by the Odisha State Plenary on “Investment Opportunities in the Renewable Energy Sector in Odisha”, which attracted more than 900 delegates.
Agreements Signed Across Renewable Energy Segments
The Energy Department, Government of Odisha, signed MoUs with several industry partners including:
- Hinduja Renewables Energy Pvt. Ltd.
- Renew Green
- Shivalaya Construction Limited
- Suzlon Renewable Development Limited
- MeghaMani Renew Energy Pvt. Ltd.
- Evergreen Renewables Pvt. Ltd.
- Datta Power Infra Private Limited
- CD Hydro
- GSP Infra
- Virudhaka Renewable Energy Private Limited
- MACLEC Technical Project Laboratory Private Limited
- Fenice Hydrogen
- Ravi Renewables Private Limited
- XPERTNEST
- India Energy Storage Alliance (IESA)
These partnerships are expected to support Odisha’s renewable energy expansion across multiple technology domains.
Strategic Collaboration for Energy Transition
During the summit, GRIDCO Limited also signed a separate Memorandum of Understanding with:
- Centre for Mission on Energy Transition (CMET)
- Maulana Azad National Institute of Technology (MANIT), Bhopal
- Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL)
- Indian Institute of Technology (IIT) Bhubaneswar
The collaboration aims to establish a framework for:
- Academic cooperation
- Technical collaboration
- Clean energy research
- Renewable energy integration
- Grid modernisation
- Emerging power-system technologies
- Capacity building initiatives
The partnership is expected to strengthen institutional capabilities and facilitate knowledge exchange between participating organisations.
National and State Leaders Highlight Odisha’s Potential
The plenary session was attended by:
- Pralhad Joshi, Union Minister for New and Renewable Energy
- Mohan Charan Majhi, Chief Minister of Odisha
- Kanak Vardhan Singh Deo, Deputy Chief Minister of Odisha
- Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy
- Vishal Dev, Additional Chief Secretary, Energy Department, Government of Odisha
Union Minister Emphasises Odisha’s Strategic Importance
Pralhad Joshi highlighted Odisha’s strategic importance in India’s clean-energy transition, pointing to:
- Rich natural resources
- Strong industrial ecosystem
- Strategic port infrastructure
He emphasised the opportunities available in:
- Renewable energy
- Energy storage
- Floating solar projects
- Wind energy
- Green hydrogen
- Green ammonia
The Minister also outlined various policy initiatives and support mechanisms introduced by the Central Government to accelerate investment in these sectors.
Odisha’s Clean Energy Vision 2047
Presenting Odisha’s long-term roadmap, Chief Minister Mohan Charan Majhi declared:
“Odisha is open for business and ready for clean energy investment.”
He outlined the state’s ambition to:
- Become one of India’s top five power-exporting states
- Source 74% of installed capacity from non-fossil fuel sources by 2047
- Become the clean-energy engine of eastern India
- Ensure at least 33% of industrial electricity consumption comes from green power at competitive tariffs
The Chief Minister identified three priorities for investors:
- Stable and predictable policy framework
- Time-bound approvals through a single-window system
- Transmission infrastructure readiness ahead of generation projects
₹15,948 Crore Power Infrastructure Expansion
To support future renewable energy growth, Odisha is investing ₹15,948 crore under the Mukhya Mantri Shakti Bikash Yojana for modernisation and expansion of the state’s power transmission network.
The Chief Minister highlighted the strategic advantages offered by Odisha’s ports at:
- Paradip
- Dhamra
- Gopalpur
which are expected to support green energy and green hydrogen production and export ecosystems.
Strong Renewable Energy Potential
Kanak Vardhan Singh Deo, Deputy Chief Minister of Odisha, highlighted the state’s power sector performance, noting that Odisha successfully met peak summer demand of approximately 6,242 MW without scheduled load shedding.
He also outlined opportunities in:
- Pumped storage projects
- Floating solar energy
- Wind energy
- Green hydrogen hubs
- Green ammonia hubs
particularly around Gopalpur and Paradip.
Renewable Energy Targets and Progress
Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy, highlighted Odisha’s ambitious clean-energy targets.
According to him:
- Odisha aims to achieve 10.96 GW of renewable energy capacity by 2030
- Installed renewable energy capacity had reached 3,641.23 MW as of September 30, 2026
Vishal Dev, Additional Chief Secretary, Energy Department, Government of Odisha, outlined the state’s policy initiatives and investment opportunities across:
- Pumped storage projects
- Floating solar projects
- Battery energy storage systems
Industry Participation Reflects Growing Investor Interest
The summit witnessed participation from leading companies and investors including:
- NLC India
- Adani Ports and SEZ
- Avaada Group
- Greenko Group
- ACME Group
- Evren
- Brookfield Renewables
Their participation reflected growing industry confidence in Odisha’s clean-energy ecosystem and long-term renewable energy roadmap.
About Bharat Renewable Energy Summit & Expo 2026
The Bharat Renewable Energy Summit & Expo 2026 brings together policymakers, industry leaders, investors, technology providers, and clean-energy stakeholders to discuss opportunities across India’s renewable energy ecosystem.
The event serves as a platform to promote investments, partnerships, policy dialogue, and technology adoption in support of India’s energy transition goals.
