Odisha Secures ₹4,500 Cr Clean-Tech Boost

Odisha Secures ₹4,500 Cr Clean-Tech Boost

30 0

The Odisha government has delivered a major push to India’s clean energy manufacturing sector, granting in-principle approval to CESC Green Power for a massive investment totaling ₹4,500 crore.

The project, approved by the state’s High-Level Clearance Authority (HLCA), will establish a comprehensive solar and battery energy storage system (BESS) manufacturing complex in Odisha.

Multi-gigawatt solar and storage facilities:

The West Bengal-based CESC subsidiary will set up the complex in the Dhenkanal district in three phases. The approved plan marks a significant step in the company’s diversification into the clean energy supply chain and aims to bolster India’s domestic renewable component capacity:

• Solar Manufacturing: A 3 GW solar cell production unit coupled with a 3 GW solar module manufacturing facility.
• Battery Storage: A 5 GWh advanced chemistry battery cell pack and advanced solar components plant.
• Captive Power: A 60 MW AC captive power plant to power the manufacturing operations.

CESC assures full project backing:

The approval process confirmed the firm commitment of the developer.

In an official communication regarding the clearance, CESC Green Power assured the state that it would “extend full financial support to CESC Green Power Ltd to ensure the successful financial closure and implementation of the project.” This backing includes, but is not limited to, equity infusion, strategic assistance, and facilitation of institutional funding.

The investment underscores Odisha’s strategy to position itself as a key destination for large-scale renewable and electronics manufacturing in Eastern India, aligning with the national goal of self-reliance in the green energy sector.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments

ESGNEWS Team

ESGNews.Earth is a platform dedicated to covering the latest developments in sustainability, ESG trends, green finance, EV, technology and corporate responsibility. With a focus on data-driven insights and solution-oriented journalism, ESGNews.Earth provides in-depth analysis of global sustainability efforts. It highlights innovative policies, emerging technologies, and influential leaders driving positive change. Committed to fostering awareness and action, the platform aims to inform businesses, investors, and policymakers.

Related Post

0
Would love your thoughts, please comment.x
()
x
Subscribe Now