Empowering Odisha: A Green Energy Revolution in the Making
Key Ideas
- Odisha's renewable energy capacity is growing rapidly, with 2.8 GW installed and significant potential in solar, wind, and hydro.
- IREDA has played a crucial role by sanctioning loans amounting to ₹3,060 crore to support the state's renewable energy sector.
- Odisha is set to lead in the green hydrogen revolution, with projects requiring an estimated investment of around Rs 3 lakh crore to drive sustainable energy and economic growth.
- The transition towards green projects in Odisha will enhance value realization for traditional sectors like steel and aluminium, contributing to a more sustainable energy future.
The Indian Renewable Energy Development Agency (IREDA) is focusing on harnessing Odisha's renewable energy potential, with the state already boasting an installed capacity of 2.8 GW, including large hydro, solar, small hydro, and wind sources. Odisha ranks high in solar, wind, hydro, and biomass potential, with a significant share of green energy in its generation mix. IREDA's support through loans totaling ₹3,060 crore has been vital for the state's renewable energy sector. Odisha is poised to lead the green hydrogen revolution, with projects requiring a massive investment of around Rs 3 lakh crore. These initiatives will not only drive sustainable energy practices but also boost the state's economic growth, particularly benefiting industries like steel and aluminium.
Topics
Projects
Renewable Energy
Investment
Green Projects
Sustainable Energy
Economic Growth
Power Sector
Hydrogen Revolution
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