International Solar Alliance Meet Draws Investors in Orissa and Goa Latitudes

Ø Country Partners and 13 States and Union Territories Showcase Investment and Collaboration Opportunities

Ø Odisha Signs 18 MoUs Worth ₹1.17 Lakh Crore

· Global participation: The Bharat Renewable Energy (BRE) Summit and Expo 2026 brought together representatives from over 130 countries, including more than 40 Ministers, policymakers, investors, financial institutions and industry leaders.

· Ministerial discussions: Union Ministers Pralhad Joshi, Manohar Lal Khattar and Minister of State Shripad Yesso Naik participated in the high-level plenary titled “The Next Terawatt”, organised by the International Solar Alliance, CEEW and Energiva Ventures.

· Key priority areas: Discussions focused on four major areas:

1. Integrated energy planning, supply and storage.

2. Expansion and resilience of energy infrastructure.

3. Financing renewable energy projects and ecosystems at terawatt scale.

4. Digitalisation and Artificial Intelligence (AI) for secure and affordable energy.

· Major investment in Odisha: Odisha signed 18 Memoranda of Understanding (MoUs) involving proposed investments of approximately ₹1.17 lakh crore, in the presence of Chief Minister Mohan Charan Majhi and Deputy Chief Minister Kanak Vardhan Singh Deo.

· Investment in Goa: Bondada Engineering Ltd. signed an MoU with the Goa Investment Promotion and Facilitation Board, proposing an investment of approximately ₹3,000 crore in renewable energy projects.

· International partnerships: Australia, Denmark, the European Union, France, Germany, the Netherlands, Norway, Sweden and the United Kingdom participated as Country Partners to promote bilateral cooperation, technology transfer and investment across the clean energy value chain.

· State-level participation: Thirteen States and Union Territories showcased their renewable energy potential, project pipelines, manufacturing capabilities and investment opportunities.

· Innovation and energy security: The “Watts Next: Innovators’ Ideas for India’s Energy Security, Agenda 2047” forum, organised in partnership with BloombergNEF, discussed innovative solutions in renewable energy technology, finance and policy.

· Significance: The Summit aims to mobilise domestic and international investments, strengthen renewable energy manufacturing and storage capabilities, expand transmission infrastructure and accelerate India's clean energy transition towards its 2047 development goals.

[ABS News Service/04.11.2026]

On the second day of the Bharat Renewable Energy Summit and Expo 2026, Union Minister of New and Renewable Energy Pralhad Joshi, Union Minister of Power and Housing and Urban Affairs Manohar Lal Khattar and Minister of State for New and Renewable Energy and Power Shripad Yesso Naik participated in “The Next Terawatt” ministerial plenary, a high-level dialogue convened by the International Solar Alliance, CEEW and Energiva Ventures. The plenary brought together senior government and industry voices to map the international renewable energy implementation architecture for the decades ahead.

The discussions deliberated on four key priority areas critical to accelerating the next phase of global renewable energy expansion: integrated energy planning, supply and storage; energy infrastructure expansion and resilience; terawatt-scale financing of projects and ecosystems; and digitalisation and AI for secure and affordable energy. The discussions outlined a strategic roadmap from now to 2050, aligned with India’s vision of Viksit Bharat by 2047.

Odisha witnessed the signing of 18 Memorandum of Understanding (MoUs), representing a total proposed investment of approximately ₹1.17 lakh crore, in the presence of Chief Minister Mohan Charan Majhi and Deputy Chief Minister Kanak Vardhan Singh Deo.

In a separate development, Bondada Engineering Ltd., part of the Bondada Group, signed an MoU with the Goa Investment Promotion and Facilitation Board (Goa-IPB), committing a proposed investment of approximately ₹3,000 crore towards renewable energy projects in Goa.

BRE Summit & Expo 2026 has brought together representatives from over 130 countries, including more than 40 Ministers, senior policymakers, investors, financial institutions and industry leaders. Australia, Denmark, the European Union, France, Germany, the Netherlands, Norway, Sweden and the United Kingdom are participating as Country Partners, providing opportunities to strengthen bilateral cooperation and facilitate investment and technology partnerships across the clean energy value chain.

Thirteen States and Union Territories are also showcasing their renewable energy potential, project pipelines, manufacturing capabilities and policy initiatives, highlighting the breadth and diversity of investment opportunities across India.

The day also featured the first leg of Watts Next: Innovators’ Ideas for India’s Energy Security, Agenda 2047, a by-invite ideas forum curated in partnership with BloombergNEF. Moving beyond conventional panel discussions, the session brought together leading innovators, entrepreneurs and industry leaders to present bold, actionable ideas on technology, finance and policy that could shape India’s energy system as the country approaches its centenary of independence. Speakers included Sumant Sinha (Founder, Chairman and CEO, ReNew), Shreya Mishra (Co-Founder and CEO, SolarSquare), Girish R Tanti (Co-Founder, Suzlon Group), Prof. Ashok Jhunjhunwala (IIT Madras) and Meredith Annex (Head of Clean Power Research, BloombergNEF).

India’s renewable energy expansion will require sustained investment in generation capacity, energy storage, transmission networks, domestic manufacturing and supporting infrastructure. The Summit is providing a platform for public and private sector stakeholders to explore innovative financing models, strengthen investment partnerships and identify solutions to accelerate project implementation.