The Odisha government has lined up proposed investments of Rs. 1.17 tn across 11.7 gigawatts (GW) of energy projects through around 18 memorandums of understanding (MoUs) exchanged at the Odisha Pavilion during the Bharat Renewable Energy Summit and Expo 2026 in New Delhi. Chief Minister Mohan Charan Majhi and Deputy Chief Minister Kanak Vardhan Singh Deo witnessed the signing ceremony.

The agreements involve developers, public sector undertakings (PSUs), industrial partners and academic institutions. The proposed projects cover pumped hydro storage, wind and solar generation, battery energy storage, distributed hydropower, green hydrogen, green ammonia, e-methanol and green data centres. The state government said the investments exceed targets under its energy development programme.

Odisha Hydro Power Corporation and Mahanadi Coalfields have exchanged an MoU for an 800 MW pumped storage project involving a proposed investment of Rs. 53.36 bn. Other proposals include 1,540 MW of distributed hydropower capacity using turbine technology, with an estimated investment of Rs. 268.56 bn.

A separate proposal covers green ammonia and e-methanol production, supported by an indicated 7.3 GW of solar capacity and an estimated investment of Rs. 257 bn. The agreements also include a green data centre with initial information technology capacity of 2 MW and an investment of Rs. 1 bn.

The India Energy Storage Alliance (IESA) has signed an agreement to support energy storage and green hydrogen development in Odisha. Its areas of cooperation include knowledge exchange, local manufacturing, skills development and investment facilitation. The proposed investments are intended to expand renewable power generation, storage capacity and green industrial infrastructure across the state as Odisha develops its clean energy project pipeline.