The Odisha approves several ambitious solar and energy storage projects, reinforcing its commitment to renewable energy and sustainable development.
These projects are set to bring significant investments to the state, focusing on solar manufacturing and energy storage solutions.
Key Solar Manufacturing Investments
Jupiter Renewables will establish a solar PV cells and modules manufacturing facility in Khurda.
Odisha approves projects to involve an investment of ₹2,005 crore, aiming to bolster the state’s renewable energy production capacity.
Grew Energy plans to set up an ingot-to-solar module manufacturing facility in Ganjam.
With a substantial investment of ₹4,530.34 crore, this project is poised to make Ganjam a hub for solar module manufacturing.
Saatvik Solar Industries will also contribute to Khurda’s renewable energy sector by building a solar cell and module manufacturing factory.
The company has allocated ₹1,366.56 crore for the project.
Jakson Engineers Ltd joins the solar expansion in Khurda with a solar cell factory. The initiative, backed by ₹1,354.40 crore, further strengthens the district’s solar industry.
Pioneering Energy Storage and Battery Solutions
TACC Ltd., a part of the LNJ Bhilwara Group, will establish a manufacturing unit for Lithium-ion battery-grade synthetic graphite anodes.
With an investment of ₹1,850 crore, this facility will support the growing demand for energy storage components in India.
Large-Scale Energy Storage Project
OHPC (Odisha Hydro Power Corporation), a state government undertaking, will develop a 600 MW pumped storage power project in Kalahandi.
The ₹3,394.48 crore project will enhance Odisha’s energy storage capabilities and effectively address peak power demand.
Strengthening Renewable Energy Sector
As reported by pv-magazine-india.com, these projects mark a significant step toward Odisha’s goal of becoming a leading player in renewable energy.
With a total investment exceeding ₹14,500 crore, the initiatives promise to create jobs, boost local economies, and contribute to India’s renewable energy targets.
