Rs 12000000000 for 7 projects: Know how it will change Odisha's RE sector

Odisha has taken a significant step towards sustainable energy development, with the state government approving seven new renewable energy projects worth Rs 1,191.47 crore. The decision was made during the 10th meeting of the Single Window Committee (SWC), chaired by Vishal Kumar Dev, Principal Secretary of Odia's Energy Department. These projects align with Odisha Renewable Energy Policy-2022, showcasing the state’s commitment to building a sustainable energy infrastructure.

Project Details

The approved projects comprise a total capacity of 149.97 megawatts (MW). They include two wind power projects generating 95.7 MW combined, four solar power projects totalling 53.97 MW, and Odisha's first battery storage project with a capacity of 0.6 megawatt-hour (MWh). These developments aim to utilise Odisha's abundant natural resources, driving the state forward in its renewable energy ambitions outlined in its policy.

Boosting Green Growth and Energy Security in Odisha

These newly approved renewable energy projects will play a crucial role in transforming Odisha’s energy landscape. By harnessing wind, solar, and battery storage technologies, the state will significantly reduce its dependence on fossil fuels, cutting carbon emissions and promoting environmental sustainability. The addition of 149.97 MW of clean energy capacity, including Odisha’s first battery storage project, will not only stabilize the power supply during peak demand and outages but also improve energy access in remote areas. 

Furthermore, these projects are expected to generate employment, attract green investments, and support the state’s long-term vision under the Odisha Renewable Energy Policy-2022, positioning the state as a leader in clean energy transition.

Official Statements

Vishal Dev emphasised the importance of renewable energy in fostering sustainable economic growth. He affirmed the government's support for investments and its commitment to facilitating the swift implementation of these projects. The meeting also reviewed the progress of previous projects sanctioned during the 9th SWC session.

The meeting was attended by senior officials from various departments, including Energy, Water Resources, Revenue & Disaster Management, along with representatives from GRIDCO, Odisha Power Transmission Corporation Limited (OPTCL), and several electricity distribution firms. Odisha is attracting consistent investment into its renewable energy sector through proactive policies and streamlined processes managed by the SWC and its Nodal Agency, GRIDCO.

Progress and Future Prospects

To date, the SWC has provisionally approved investment proposals valued at Rs 12,387.36 crore, covering a cumulative capacity of 1,707.56 MW within the renewable energy domain. This initiative underscores Odisha's dedication to advancing a sustainable energy future.