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Odisha Secures Rs 67,000 Crore Commitments for 6.8 GW at Renewable Conclave

The state is pitching a storage‑backed, multi‑technology pipeline to advance India’s 2030 non‑fossil target.

Overview

  • GRIDCO signed five MoUs with NHPC, BPCL, NEEPCO, and ABC Cleantech with Axis Energy to develop about 6.8 GW of renewable capacity.
  • NHPC committed to a 1,000 MW pumped storage project and NEEPCO to 800 MW of pumped storage, while ABC Cleantech and Axis pledged 5,000 MW across clean energy technologies.
  • BPCL proposed ground‑mounted solar, floating solar PV, and pumped storage projects under its MoU with the state utility.
  • Deputy Chief Minister Kanak Vardhan Singh Deo inaugurated the conclave, launched the state’s first wind resource assessment, and introduced a city accelerator for six cities.
  • Odisha showcased a larger pipeline featuring over 5,000 MW of floating solar, 18,000 MW of pumped storage across 36 sites, and 500 MWh of BESS supported by viability gap funding, with officials emphasizing grid integration and investor‑friendly policies.