Apollo Green Energy to Invest ₹4,500 Crore in Odisha Renewable Energy Projects, Create 3,000 Jobs

Bhubaneswar: In a major push towards clean energy and economic development, Apollo Green Energy Ltd has announced a ₹4,500 crore investment to develop 1,000 megawatts (MW) of renewable energy projects across Odisha. The initiative is expected to generate around 3,000 direct and indirect employment opportunities.

The announcement was made during a high-level meeting chaired by Odisha’s Deputy Chief Minister and Energy Minister, KV Singh Deo. Senior officials including Principal Energy Secretary Vishal Dev, OPTCL CMD Bhaskar Jyoti Sharma, GRIDCO MD Trilochan Panda, and Apollo’s top leadership—CEO Sanjay Gupta and President Rakesh Gupta—were present.

The planned projects will primarily focus on solar power generation, supported by battery storage systems that will store surplus electricity for use during peak demand. Spread across multiple districts, the initiative aims to harness Odisha’s vast solar potential while promoting inclusive growth by offering jobs to both skilled and unskilled workers.

Apollo Green Energy is currently constructing a 54 MWp solar plant in Ganjam district with an investment of ₹151 crore. This project is being developed under the Engineering, Procurement, and Construction (EPC) model and is seen as a precursor to the company’s larger renewable energy plan in the state.

Deputy CM Singh Deo reiterated Odisha’s commitment to the Clean and Green India mission and assured full support for Apollo’s upcoming projects. He highlighted the importance of energy storage solutions, including plans for over 10,000 MW of pumped storage plants, to ensure round-the-clock green power supply.

The investment comes at a time when Odisha is aggressively working to expand its industrial base beyond mining. In 2025, the state has already secured ₹14.47 lakh crore worth of investment commitments across sectors, which are expected to generate more than 9 lakh jobs. Flagship events like the Make in Odisha Conclave and the Delhi Investors’ Meet have played a key role in attracting such large-scale projects.

Apollo Green Energy, which operates in eight states with over 400 MW of solar assets, is also nearing completion of a ₹700 crore Flue Gas Desulfurization project aimed at reducing emissions in thermal power generation. The company plans to go public by the end of 2025 and is targeting a total renewable energy portfolio worth ₹10,000 crore, including green hydrogen and EV charging infrastructure.

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