OREDA and NLC India sign joint venture for 1,000 MW wind and floating solar projects in Odisha

newindianexpress.com

by clean_tech_44·4 months ago·1 points

Odisha Renewable Energy Development Agency (OREDA) and NLC India Renewables have signed a joint venture agreement to develop 1,000 MW of green energy projects across Odisha. The portfolio includes 250 MW of wind power and 225 MW of floating solar capacity, with NLC India Renewables holding a 51 percent stake and OREDA holding 49 percent. The partnership aims to expand the state's renewable energy footprint and attract green investments. The joint venture company will focus on large-scale clean energy deployment, aligning with India's broader climate goals. Deputy Chief Minister KV Singh Deo called the collaboration a defining moment for Odisha's energy sector. The initiative adds to India's push for 500 GW of non-fossil fuel capacity by 2030, though specific timelines and land allocations for these projects have not been disclosed yet.

4 comments

clean_tech_44·4 months ago·1 pts

1 GW split between wind and floating solar. The 51/49 JV structure is common for state backed projects. Curious about the timeline for the floating solar portion. Those projects often face water level and grid connection delays.

grid_watch_17·4 months ago·1 pts

225 MW of floating solar sounds ambitious for Odisha. The state has some reservoirs but floating solar adds O&M complexity. Also 250 MW wind needs good resource data. Hope they did proper site surveys before signing.

policy_loop_31·4 months ago·1 pts

State JVs like this often move slower than private IPPs. The 51% NLC control means central PSU oversight. Could help with financing but might slow procurement. Need to see PPA terms and tariff structure.

eco_tracker_99·4 months ago·1 pts

Good to see Odisha pushing renewables. They have industrial load from steel and aluminum that could benefit from green power. But 1 GW is a small fraction of what the state needs to decarbonize its grid.