Empowering Odisha's Renewable Energy Future at Utkarsh Odisha 2025 Summit
Key Ideas
- India's renewable energy push aims for a 500 GW target by 2030, requiring substantial investments in generation, manufacturing, and workforce skilling.
- Odisha plans to increase its renewable energy capacity from 2.94 GW to 10 GW by 2030, leveraging its geographic advantage, industrial base, and policy support.
- IREDA's financial support in Odisha exceeds ₹1,540 crore for projects, focusing on bridging financing gaps, promoting green investments, and deploying clean energy projects.
- Key takeaways from the summit include an expected ₹3.3 lakh crore investment by renewable energy developers in Odisha and plans for major manufacturing projects and green ammonia production facilities.
Pradip Kumar Das, Chairman and Managing Director of the Indian Renewable Energy Development Agency (IREDA), emphasized the importance of sustainable growth of renewable energy at the Utkarsh Odisha 2025 summit in Bhubaneswar. India's ambitious target of 500 GW by 2030 necessitates interventions in generation, manufacturing, financing, and workforce skilling. Odisha, with its current 2.94 GW renewable energy capacity, aims to reach 10 GW by 2030, capitalizing on its strengths like geographical advantage, industrial base, and policy support. IREDA has been instrumental in providing financial support in Odisha, with a significant loan book and commitments to further drive the state's transition to clean energy. The summit saw key government officials affirming policy reforms to position Odisha as a leader in green energy. Major announcements included substantial investments by renewable energy developers, along with plans for manufacturing projects and green ammonia production facilities, showcasing a positive outlook towards Odisha's renewable energy future.
Topics
India
Renewable Energy
Infrastructure
Investment
Manufacturing
Finance
Policy Support
Green Bonds
Workforce Skilling
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