Odisha on Thursday mobilized Rs 67,000 crore in investment commitments, covering approximately 6.8 GW of capacity at the third edition of Odisha Renewable Energy Investor Conclave 2026 in Bhubaneswar, strengthening its clean energy leadership.
Organised by the Energy Department, Government of Odisha, along with GRIDCO Limited, the Conclave brought together policymakers, investors, developers, financial institutions, technology providers, and industry leaders to accelerate renewable energy investments in the state. The International Forum for Environment, Sustainability and Technology (iFOREST) served as the Knowledge Partner.
About Rs 67,000 crore investments were mobilised along with inauguration of the state’s first wind resource assessment and the launch of the city accelerator programme for 6 cities of Odisha by the Deputy Chief Minister Kanak Vardhan Singh Deo.
Speaking at the inaugural session, Deputy Chief Minister Singh Deo stated Odisha is committed to being the frontrunner in the renewable energy sector of our country.
India has a bold 500 GW non-fossil energy target by 2030, and Odisha is contributing meaningfully to it. Odisha’s coastline provides the state a distinct advantage to develop wind energy, alongside solar and small hydro. On the regulatory front, we offer robust policies and a favourable approval process. This 2-day RE Investor Conclave can only support Odisha’s renewable growth, but will also be important for the country, he added.
Vishal Kumar Dev, Additional Chief Secretary, Energy Department said that, “Our objective is not merely capacity addition but system integration. By advancing pumped storage and battery systems alongside renewables, we are ensuring grid stability and long-term energy security”.
“Renewable energy scale-up in Odisha is anchored in a policy stack, supported by dedicated institutions at both state and district levels. We are placing a clear focus on industry-led renewable growth. In this year’s RE Investor Conclave, we have mobilized Rs. 67,000 crore investment against 6.8 GW capacities through investor commitments and MoUs signed at the Conclave,” he said.
During the Conclave, Odisha presented a robust and diversified project pipeline across generation and storage technologies. This included over 5,000 MW of Floating Solar Photovoltaic (FSPV) projects; 18,000 MW of Pumped Storage Projects (PSP) across 36 identified sites; and 500 MWh of Battery Energy Storage Systems (BESS), supported by Viability Gap Funding.
Emerging opportunities in wind energy, distributed renewables, small hydro, agrivoltaics, and waste-to-energy were also highlighted.
Five MoUs were signed between GRIDCO (on behalf of the Energy Department, Government of Odisha) and investors and knowledge partners.
The Conclave witnessed strong participation from the private sector, with developers and investors expressing keen interest in Odisha’s clean energy pipeline.
The Conclave also hosted technology-specific sessions on small hydropower, battery storage, and biomass energy, alongside high-level Business-to-Government (B2G) interactions that fostered collaboration among developers, OEMs, financiers, utilities, and industrial off takers.