Bhubaneswar, Feb 12: Odisha strengthened its clean energy leadership with the successful hosting of the third edition of Odisha Renewable Energy Investor Conclave 2026 in Bhubaneswar.
Organised by the Energy Department, 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 67000 crore investment was mobilised along with inauguration of the state’s first wind resource assessment and the launch of city accelerator programme for 6 cities of Odisha by the Deputy Chief Minister Singh Deo.
The conclave was inaugurated by Kanak Vardhan Singh Deo.
Speaking at the inaugural session, the Deputy Chief Minister said, “Odisha shows the commitment to be the front runner 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 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 favourable approval process. This 2 day RE Investor Conclave can only support Odisha’s renewable growth, but will be also important for the country.”
Vishal Kumar Dev, Additional Chief Secretary, Energy Department said, “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 of industry-led renewable growth. In this year RE Investor Conclave we have mobilized Rs. 67,000 crore investment againt 6.8 GW capacities through investor commitments and MoUs signed at the conclave.”
Adopting renewable energy is not just a climate imperative—it is an economic one. Odisha has significant potential in floating solar and wind, and can emerge as a major storage hub through pumped storage projects said by Akash Tripathi, MD, SECI.
Dr. Chandra Bhushan, CEO & President, iFOREST, emphasized that, Eastern India holds immense untapped renewable potential. Odisha’s proactive approach to developing floating solar, pumped storage, and battery storage solutions will act as a critical pillar of India’s next phase of renewable energy expansion.
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.
Dr. Satyapriya Rath, Managing Director, GRIDCO Limited, added, “Through the Renewable Energy Nodal Agency (RENA) Cell, GRIDCO is facilitating project development from conceptualisation to commissioning. We are committed to enabling transparent procurement, assured off take, and timely bid processes.”
A total of five MoUs were signed between GRIDCO (on behalf of the Energy Department,) and investors / knowledge partners:
NHPC – Development of 1,000 MW of Pumped Storage Projects (PSP).
BPCL – Development of Ground-Mounted Solar, Floating Solar PV, and Pumped Storage Projects.
NEEPCO – Development of 800 MW of Pumped Storage Projects (PSP).
ABC Cleantech Pvt. Ltd. & Axis Energy Ventures India Pvt. Ltd. – Development of 5,000 MW across Wind, Agro-Voltaic, Solar Power, Wind Hybrid/Solar with BESS, and Green Hydrogen & Derivatives.
Vasudha – Collaboration on Floating Solar PV and Agri-PV Projects as Knowledge Partner.
Bhaskar Jyoti Sarma, Chairman-cum-Managing Director, OPTCL also present on the conclave. 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.
With a defined project pipeline and an investor-ready policy framework, Odisha demonstrated its preparedness to scale clean energy deployment at speed and scale. The Odisha Renewable Energy Investor Conclave 2026 marked a decisive step in translating policy intent into investment momentum, reinforcing Odisha’s position as Eastern India’s clean energy growth engine.
