Bhubaneswar: Odisha got investment proposals worth Rs 1.17 lakh crore in the clean-energy sector through 18 MoUs signed at the Bharat Renewable Energy Summit & Expo 2026, in New Delhi on Tuesday, with the proposals envisaging addition of 11,742 MW capacity, more than double of Odisha’s current renewable energy capacity of 3691 MW.The proposed investments cover pumped storage, solar and wind power, hybrid renewable energy, battery storage, green hydrogen, green data centres and other clean-energy technologies.The MoUs were signed after chief minister Mohan Charan Majhi and deputy CM Kanak Vardhan Singh Deo inaugurated the Odisha pavilion at the summit. Gridco managing director Satya Priya Rath exchanged the MoUs with industry representatives. The state govt said more than 900 delegates attended an Odisha plenary on investment opportunities in the renewable energy sector.Companies that signed MoUs with the state energy department included Hinduja Renewables Energy Pvt Ltd, ReNew Green, Shivalaya Construction Ltd, Suzlon Renewable Development Ltd, MeghaMani Renew Energy Pvt Ltd, Evergreen Renewables Pvt Ltd, Datta Power Infra Pvt Ltd, CD Hydro, GSP Infra, Virudhaka Renewable Energy Pvt Ltd, MACLEC Technical Project Laboratory Pvt Ltd, Fenice Hydrogen, Ravi Renewables Pvt Ltd and XPERTNEST. An MoU was also signed with India Energy Storage Alliance.Gridco separately signed MoUs with the Centre for Mission on Energy Transition at Maulana Azad National Institute of Technology, Bhopal, Madhya Pradesh Urja Vikas Nigam Ltd and IIT, Bhubaneswar. The agreements are aimed at cooperation in areas such as renewable energy integration, grid modernisation, research and emerging power-system technologies.Speaking at the summit, Union new and renewable energy minister Pralhad Joshi highlighted opportunities in Odisha in renewable energy, energy storage, floating solar, wind power, green hydrogen and green ammonia.Majhi said the state aims to source 74% of its installed power capacity from non-fossil fuel sources by 2047 and meet at least 33% of industrial electricity consumption through green power.Majhi said the state govt was focusing on a stable policy framework, time-bound clearances through a single-window mechanism and expansion of transmission infrastructure. He said Rs 15,948 crore has been sanctioned under the Mukhya Mantri Shakti Bikash Yojana for modernisation and expansion of the power transmission network.Singh Deo said Odisha met a peak electricity demand of around 6,242 MW during summer without scheduled load shedding. He also cited the state’s potential in pumped storage, floating solar and wind energy and plans for green hydrogen and ammonia hubs at Gopalpur and Paradip.Union renewable energy secretary Santosh Kumar Sarangi said Odisha has set a target of 10.96 GW renewable energy capacity by 2030 under the Odisha Renewable Energy Policy, 2022.
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