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Report outlines a roadmap for Odisha to become a low-carbon, investment-ready industrial powerhouse supporting India’s 500 GW non-fossil target by 2030 and net-zero vision for 2070.
Odisha’s rising power demand will require 26,237 MW of additional contracted capacity by 2033–34, supported by the strategic port ecosystems at Paradeep, Dhamra and Gopalpur, which strengthen opportunities for green hydrogen and ammonia exports. The state’s industrial sector also holds significant decarbonisation potential, with the ability to reduce nearly 9 million tonnes of CO₂ emissions by 2030, reinforcing Odisha’s position as a key clean-energy hub for Eastern India.
New Delhi: Odisha is fast becoming one of India’s most promising clean-energy destinations, according to the EY–ASSOCHAM report titled “Odisha Energy Transition – Chariots of Change.” The report says that Odisha has strong natural advantages, progressive policies and rapidly rising industrial energy demand, making it well-positioned to contribute significantly to India’s green growth journey.
With strong potential in solar, wind and hydro power, along with major ports and a clear policy direction, Odisha can support India’s 2030 renewable-energy target and long-term net-zero commitment. The report highlights that Odisha’s industrial base, expanding storage infrastructure and plans for green hydrogen offer a major opportunity to attract global investment and develop the state into a green-manufacturing hub for Eastern India.
Speaking about the findings, Somesh Kumar, Partner and Leader, Power & Utilities, EY India, said:
“Odisha’s strong foundation for green industrialisation is anchored in its port-based ecosystem at Paradeep, Dhamra and Gopalpur, its substantial renewable energy potential, and progressive incentives for green infrastructure. The state’s 34 GW pumped-storage potential positions it to lead India’s energy-storage transformation, enabling 24×7 renewable power and enhancing grid stability.”
Shri Pankaj Lochan Mohanty, Chairman, Odisha State Development Council, ASSOCHAM, added:
“Odisha is uniquely positioned at the intersection of industrial scale, renewable abundance and a world-class port ecosystem. With leadership in pumped storage, green hydrogen and low-carbon manufacturing, the state is poised to shape Eastern India into a globally competitive clean-energy hub.”
Key findings include major hydrogen and ammonia export prospects, projections that electricity demand will reach 10,564 MW by FY 2033–34, and the need for over 26,000 MW of new capacity. The report recommends creating a State Energy Planning & Transformation Unit, climate-finance mechanisms and workforce skilling for the transition.
The report concludes that Odisha’s focused policy direction and natural advantage can set a national benchmark for integrated and inclusive clean-energy development—critical to meeting India’s net-zero goal by 2070.
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