Empowering Odisha: IREDA's Commitment to Sustainable Energy Growth
Key Ideas
- IREDA is focused on harnessing Odisha's significant renewable energy potential, with 2.8 GW installed capacity, including large hydro, solar, small hydro, and wind sources.
- IREDA has provided substantial financial support to Odisha's renewable energy sector, amounting to Rs 3,060 crore sanctioned loans and Rs 1,934 crore disbursed as of June 2024.
- Odisha is witnessing announcements and construction of green projects requiring around Rs 3 lakh crore investment, aiming to drive sustainable energy transition and economic growth.
- IREDA highlights Odisha's role in the green hydrogen revolution, emphasizing the state's potential to enhance value realization for traditional sectors like steel and aluminum through green power.
The Indian Renewable Energy Development Agency (IREDA) is actively working to harness Odisha's renewable energy potential, which stands at 2.8 GW, including large hydro, solar, small hydro, and wind sources. IREDA has shown dedication by providing significant financial support to Odisha's renewable energy sector, with Rs 3,060 crore sanctioned loans and Rs 1,934 crore disbursed as of June 2024. The state of Odisha has ambitious plans for green projects, with around Rs 3 lakh crore investment required, aiming to drive a sustainable energy future and support economic growth. IREDA also emphasizes Odisha's role in the green hydrogen revolution, highlighting the state's potential to enhance value realization for sectors like steel and aluminum through green power. Recent interactions between IREDA officials and Odisha's chief minister and deputy chief minister have further solidified the commitment to sustainable energy development in the state.
Topics
Green Hydrogen
Renewable Energy
Investment
Green Projects
Sustainable Development
Economic Growth
Energy Financing
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