Under the decisive and futuristic leadership of Shri Vishal Kumar Dev, Principal Secretary, Energy and E&IT, the 12th meeting of the Single Window Committee (SWC) on July 24, 2025, cleared fresh renewable energy projects totaling 178 MW with an estimated investment of ₹869.8 crore. This significant approval further solidifies Odisha’s position as a frontrunner in India’s clean energy transition.

The approvals, a result of thorough examination of project proposals presented by the Chief Project Manager of the Renewable Energy Nodal Agency (RENA), signal the state’s proactive approach to green investments and ease of doing business in the sector.

Key officials, including the Managing Director of GRIDCO, Directors of GRIDCO and OHPC, and the EIC (Electricity)-cum-PCEI, were present, underscoring the collaborative effort driving this agenda.

Among the newly approved projects are:

• 69.5 MW Solar Park: To be developed by Prozeal Green Energy Limited at Biramaharajpur in the Subarnapur district.
• 49.5 MW Solar Project: Cleared for INOX Solar Limited at Telkoi in Keonjhar.
• 10 MW Solar Project: Granted to Mahanadi Coalfields Limited (MCL) at Lakhanpur in Jharsuguda.
• Wind Power Project: To be set up by NLC India Renewables Limited at Papadahandi in Nabarangpur district.

These projects collectively contribute 128.5 MW of solar and 49.5 MW of wind energy capacity, diversifying Odisha’s green energy portfolio.

With these latest additions, the total renewable energy capacity approved by the Single Window Committee has now soared to an impressive 1,844.86 MW, attracting cumulative investment commitments of ₹12,599.79 crore. This remarkable growth is a testament to the State Government’s unwavering focus on creating an enabling environment for clean energy development.

These projects are not merely about increasing capacity; they are integral to Odisha’s broader vision. They align perfectly with the state’s commitment to achieving its Renewable Purchase Obligations (RPOs), as mandated by central and state regulations, which require a certain percentage of electricity to be sourced from renewable sources. Furthermore, these initiatives are crucial contributions to India’s overarching climate goals, demonstrating Odisha’s dedication to reducing its carbon footprint.

Beyond environmental benefits, officials highlighted the significant socio-economic impact of these projects. The development of these renewable energy installations is expected to boost local employment and catalyze infrastructure development in the respective approved districts, fostering inclusive growth and prosperity.

Under the visionary leadership of Shri Vishal Kumar Dev, the Energy Department has reaffirmed its steadfast commitment to supporting green investments and streamlining project clearances.

This proactive approach, characterized by timely coordination among all stakeholders, is setting a strong precedent for other states, positioning Odisha as a leading example in India’s transition towards a cleaner, greener energy landscape.

Reference : https://tathya.in/odisha-clears-%E2%82%B9870-cr-green-energy-projects/?utm_

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Through one of the largest investments seen so far in the solar manufacturing space in India, the plant in Greater Noida will boost SAEL’s total module manufacturing capacity to 8.5 GW.

Construction is expected to begin this year.

The move aligns with India’s push to localise solar manufacturing. From June 2026, only domestically made solar cells from approved manufacturers will be allowed in government projects.

India currently has 80 GW of module manufacturing capacity but about 15 GW of cell capacity, with most modules relying on Chinese imports.

SAEL operates assets capable of generating more than 6.7 GW of solar power, including operational and constructional projects, and aims to drive that to 10 GW in three years. The company has already raised more than $2.4 billion in equity and debt, and has issued a $305-million green bond in 2024.

“By 2030, tentatively, we are looking at a power generation capacity of around 18 to 20GW as an independent power producer,” Laxit Awla, CEO of SAEL Industries said.

The company also plans to file for an initial public offering this year, Awla said, declining to share more details about the timing and size of the IPO.

SAEL’s revenue from its biomass and independent power production business nearly doubled to 6.87 billion rupees in fiscal 2025 from fiscal 2023. The company aims to grow its revenue from these businesses to 30.94 billion rupees by fiscal year 2027.

($1 = 85.9500 Indian rupees)

Reference : https://www.reuters.com/sustainability/climate-energy/indian-clean-energy-firm-sael-invest-954-mln-solar-manufacturing-plant-2025-07-14/

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The investment will be by way of subscription of equity shares at face value, subject to necessary approvals from the Department of Investment and Public Asset Management (DIPAM) and other authorities, and will go towards funding the Green Energy Projects of NIRL, NLC India said in an exchange filing.

The public sector mining and power generation company’s board also approved borrowing in the form of a term loan in Japanese yen equivalent to $100 million through external commercial borrowing (ECB), from Sumitomo Mitsui Banking Corporation. This will go towards CAPEX funding of renewable projects to be undertaken by the Company through its subsidiaries/group companies, it said.

NLC has formed NIRL as a wholly-owned subsidiary for development of renewable projects in the country. The company currently has an installed renewable energy generation capacity of 1,431 MW.

“The Capex requirement as we projected is ₹1.16 Lakh Crore and for conventional Thermal Power stations it is 70:30 and for Renewables, it is 80:20. With that our equity requirement is around ₹23,000 Crore,” Prasanna Kumar – Chairman & Managing Director, NLC India, said in a recent institutional investors meet.

Reference : https://www.thehindubusinessline.com/companies/nlc-india-to-invest-1630-crore-in-renewable-energy-arm/article69787855.ece

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