NLC India Renewables Limited (NIRL) and the Odisha Renewable Energy Development Agency (OREDA) have signed a joint venture agreement to develop 1,000 MW of renewable energy projects across Odisha. The agreement was signed in Bhubaneswar in the presence of Deputy Chief Minister and Energy Minister KV Singh Deo.
The proposed portfolio includes 250 MW of wind power capacity and 225 MW of floating solar projects. Additionally, the joint venture will undertake other clean energy developments across the state. The company’s board will comprise five directors. NIRL will nominate three directors, while OREDA will nominate two. The partnership aims to strengthen the state’s renewable energy development capabilities through large-scale project implementation.
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The Odisha green energy projects initiative will expand the state’s renewable power infrastructure. Furthermore, the projects will support Odisha’s transition towards cleaner energy sources. The development is also expected to attract investments into the renewable energy sector and strengthen the state’s green energy portfolio.
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