Axis Energy, Evren Sign INR 47,750 Cr MoU with GRIDCO to Develop 5 GW RE Projects in Odisha
Axis Energy Ventures India, in partnership with Evren, has signed an MoU with GRIDCO to develop up to 5,000 MW of renewables and green hydrogen projects in Odisha with an estimated investment of INR 47,750 crore.
February 16, 2026. By Mrinmoy Dey
The proposed initiative involves an estimated investment of around INR 47,750 crore over the next decade and is expected to generate nearly 15,000 direct and indirect employment opportunities, strengthening Odisha’s position as a major clean energy hub in eastern India, the company stated.
“The partnership reflects a shared commitment to scalable renewable generation, storage integration, grid stability, and industrial decarbonisation — aligned with Odisha Renewable Energy Policy 2022 and India’s long-term sustainability vision,” it said.
The collaboration aims to support reliable, low-carbon power supply while accelerating the adoption of next-generation energy solutions, including green hydrogen, to meet future industrial and infrastructure demand.
please contact: contact@energetica-india.net.
Ch. Bhavani Suresh
Founder and Managing Director
Industry is Shifting from Standalone Solar to Integrated Energy Solutions: MD, Truzon Solar
Ekta Kabra
Vice Chairperson and MD
India Must Develop A Robust Testing and Certification Ecosystem for BESS: Ekta Kabra, Geon
Suhas Donthi
Whole Time Director, President & CEO
Advanced Technology Adoption is Central to Emmvee’s Growth Strategy: Suhas Donthi
Dibakar Roy
Founder & CEO
Lithium Battery Testing and Semiconductor Labs Infra to Drive Next Phase of Growth: Dibakar Roy
Sunil Wankhede
Vice President - Sales
Sunil Wankhede Says Low-Carbon Materials from Alleima India Can Support India’s Climate Goals