Finance
Odisha has executed 18 Memoranda of Understanding (MoUs) for proposed investments totaling approximately Rs 1.17 lakh crore in the renewable energy sector, projected to add an estimated capacity of 11,742 MW, indicating the State’s ambitious goal to become a significant center for clean energy.
The MoUs were signed during the Bharat Renewable Energy Summit & Expo 2026 in New Delhi on Tuesday, attended by Chief Minister Mohan Charan Majhi and Deputy Chief Minister Kanak Vardhan Singh Deo, who together launched the Odisha Pavilion and the Netherlands Pavilion at the event.
Development Commissioner and Additional Chief Secretary Deoranjan Kumar Singh, Home Department Additional Chief Secretary Hemant Sharma, Finance Department Principal Secretary Sanjeeb Kumar Mishra, along with other high-ranking State government officials, attended the event.
The suggested investments cover various new clean energy sectors, such as pumped storage, solar and wind energy, hybrid renewable projects, battery energy storage, green hydrogen, and green data centers.
According to a post by the Chief Minister’s Office (CMO) on X, the proposed projects are expected to strengthen Odisha’s renewable energy ecosystem and expand its clean energy capacity.
The Odisha Pavilion at the summit highlights the State’s potential in renewable energy, strategic benefits, and investment prospects in diverse clean energy sectors. The initiative seeks to draw in investors and showcase the State’s willingness to back major renewable energy projects.
The signing of MoUs indicates increasing industry interest in Odisha’s renewable energy opportunities and occurs alongside the State government’s initiatives to expand its energy mix and encourage sustainable industrial growth.
The planned capacity increase of 11,742 MW is anticipated to enhance the State’s clean energy goals and aid India’s overall energy transition.
The State government has been proactively promoting Odisha as a desirable investment hub by emphasizing its strategic benefits and prospects throughout the renewable energy sector.
