Odisha Targets 11 GW Green Energy by 2030 with New Investments

Odisha Targets 11 GW Green Energy by 2030 with New Investments

Odisha Aims for 11 GW Green Energy by 2030, Announces Major Investments and Incentives at ASSOCHAM Eastern India Clean Energy Summit

Bhubaneswar, Nov 20: The Associated Chambers of Commerce and Industry of India (ASSOCHAM) today inaugurated the ‘Eastern India Clean Energy Summit’ with the theme ‘Powering Eastern India’s Net-Zero Transformation’ at Hotel Sivosti Premium in Bhubaneswar. The summit witnessed strong commitments from the Government of Odisha, outlining a clear roadmap for the state’s clean energy future.

The inaugural session was graced by senior government officials and industry leaders who underscored Odisha’s strategic push to become a clean energy hub.

In his address as the Chief Guest, Shri KanakVardhan Singh Deo, Hon’ble Deputy Chief Minister, Energy & Agriculture and Farmers’ Empowerment, Government of Odisha, declared that Odisha stands at a defining moment in its development journey. He elaborated on the state’s ambitious goals, stating,

“We aspire to have 11 GW green energy capacity by 2030 and to support industries to adopt green energy, we are adding huge capacity of Green Hydrogen and Green Ammonia in the state.”

Highlighting the government’s proactive steps, Shri Deo announced, “Recently our government approved 53 green energy projects of around 2000 MW worth Rs 13,422 crore.” On the popular PM Surya GharMuktBijliYojana, he revealed, “We are giving up to Rs 60,000 additional financial assistance per household above the Centre’s up to Rs 76,000,” with a target to cover 3 lakh households in the state. Addressing key challenges like land availability, he informed that alternative options like rail and canal-top solar projects are being considered.

Speaking at the inaugural session of the event Industry Minister Sampad Chandra Swain said that,

“Odisha is entering a new era of growth defined by clean energy, responsible industries and modern manufacturing. He discussed various benefits of Odisha Renewable Energy Policy 2022 that offers long-term waivers on electricity duty, wheeling charges, cross-subsidy surcharge and land fees for green hydrogen & green ammonia projects. He said that 16 major green hydrogen and green ammonia projects worth over ₹2 lakh crore already approved; several more in pipeline. Major investors in the state are

JSW, ReNew, Avaada, Waaree, Ampin, ACME, Welspun, Sembcorp, L&T Energy Greentech, INOX Wind, Himadri, Quant Solar. He also highlighted green port initiative and future ready workforce. He extended an open invitation to industry, investors, academia and development partners: “Odisha is ready to Collaborate, Innovate and Lead. Let us together build a greener and more prosperous future.” he added.

Shri Vishal Kumar Dev, IAS, Principal Secretary, Department of Energy, Government of Odisha, and Guest of Honour, outlined the state’s vision for strengthening its power transmission backbone. In a significant announcement, Shri Dev stated,

“By 2035 we need Rs 30,000 crore investment for transmission capacity enhancement, out of which Rs 25,000 crore is required in the next 5 years.” 

Highlighting the state’s untapped potential in renewable energy, Additional Chief Secretary (Industries and Information & Public Relations) Sri Hemant Sharma, IAS, said that, “Odisha contributes approximately 3% to India’s Gross State Domestic Product (GSDP), yet its share in the national carbon footprint stands at around 6%. The state fully recognises the immense value of green energy and extends an open invitation to all stakeholders to join hands in making Odisha a leading green energy enabler for the country,” he added.

The session began with a Welcome Address by Mr. Pankaj LochanMohanty, Chairman, Odisha State Development Council, ASSOCHAM & Chairman, MGM Group. This was followed by Mr. AsheshPadhy, Chairman, ASSOCHAM Odisha State Energy Council & Executive Vice President – JSW Energy, who set the context for the day’s discussions.

Dr.PrabodhMohanty, Chairman, ASSOCHAM Odisha Mining and Steel Council & MD, SNM Group, emphasized the global shift towards sustainability. He stated,

“Odisha’s clean energy journey is not optional, it’s a necessity,” highlighting that as a powerhouse of minerals and metals, the state is actively adopting sustainable practices to meet global supply chain demands.

The event also featured a Knowledge Report Address by Mr. Somesh Kumar, Partner and Head (Power & Utilities), Ernst & Young, which culminated in the release of the ASSOCHAM-EY Knowledge Report titled “Odisha Energy Transition – Chariots of Change.”

The inaugural session concluded with a Vote of Thanks by Ms. PerminderJeet Kaur, Senior Director – East & Northeast, ASSOCHAM. The event proceeded with a CEO Roundtable with the Hon’ble Deputy Chief Minister and senior officials, followed by Plenary Session I.

The summit served as a powerful platform to showcase Odisha’s robust policy framework, investment opportunities, and firm commitment to leading Eastern India’s net-zero transformation.