IREDA sanctions Rs 3K cr for green energy projects in Odisha

Bhubaneswar: The Indian Renewable Energy Development Agency Limited has sanctioned over Rs 3,000 crore for green energy projects across Odisha, covering solar, hydro, ethanol and re-newable energy manufacturing sectors.

Chairman and Managing Director of IREDA, Pradip Kumar Das, said this while addressing the Odisha Solar Investor Conclave, organised by GRIDCO and iFOREST (International Forum for Environment Sustainability and Technology) here on Monday.

Das reaffirmed its commitment to Odisha’s ambitious renewable energy target, with the State setting its vision on achieving 10 GW (gigawatt) capacity by 2030. He highlighted IREDA’s unique position as a competitive financier with fully paperless, digitised and borrower-friendly operations, fostering seamless support for green energy projects. Das said Odisha has the po-tential to emerge as a leading solar power producer and a hub for solar equipment manufactur-ing.

Sharing IREDA’s national contributions, he noted that the company has sanctioned over Rs 2.08 lakh crore and disbursed Rs 1.36 lakh crore towards renewable energy projects, position-ing itself as a catalyst for market formation in emerging RE technologies such as ethanol, EV fleet financing, pumped storage hydropower and green ammonia. Das reiterated IREDA’s commitment to driving India’s green energy goals, with an envisioned 10-15 per cent contribution to the renewable energy debt financing space.

Odisha Deputy Chief Minister K V Singh Deo said the conclave has been organised prior to the Utkarsh Odisha Conclave-2025 to attract investors in the RE sector so that employment for more number of people can be generated in the State. “The government of Odisha is committed to renewable energy. Our Prime Minister has shown the way forward for 2070. Solar is a key driver for the State’s growth and Odisha has everything possible going for it. Our investment climate is conducive, we have a robust system in place and we have the willpower to harness it,” he said.

Principal Secretary of Energy department, Vishal Kumar Dev, said, “Odisha is on the cusp of a transformative energy transition. The demand for clean and affordable energy has never been more important to address the global challenge of climate change.

This conclave is a testament to our commitment to clean energy.”

Solar power currently accounts for 21 per cent of Odisha’s total 2,938 MW (mega watt) renewa-ble energy capacity, including hydro. This includes 508 MW of ground-mounted, 58 MW of roof-top and 42 MW of off-grid solar capacity, officials said.

Top Odisha districts for solar potential include Sundargarh (15.23 GW), Angul (14.06 GW), Bo-langir (11.62 GW), Jharsuguda (11.45 GW), and Dhenkanal (9.70 GW).