BRE Summit 2026: Odisha Signs 18 MoUs of Rs 1.17 Lakh Crore

The second day of the Bharat Renewable Energy (BRE) Summit and Expo 2026 drew global investors, ministers and industry leaders, and saw Odisha sign 18 memoranda of understanding carrying a proposed investment of about Rs 1.17 lakh crore. The documents were signed in the presence of Chief Minister Mohan Charan Majhi and Deputy Chief Minister Kanak Vardhan Singh Deo. Separately, Bondada Engineering Ltd of the Bondada Group signed an agreement with the Goa Investment Promotion and Facilitation Board for renewable energy projects in Goa worth roughly Rs 3,000 crore.

The Next Terawatt plenary

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 joined the ministerial plenary titled The Next Terawatt. It was convened by the International Solar Alliance along with CEEW and Energiva Ventures to map the architecture for putting renewable energy in place worldwide in the decades ahead.

Four priority areas

• Integrated energy planning, supply and storage.
• Expansion and resilience of energy infrastructure.
• Financing of projects and ecosystems at terawatt scale.
• Digitalisation and artificial intelligence for secure and affordable energy.

The plenary set out a roadmap running up to 2050, in line with the goal of a developed India by 2047.

Who is taking part

The summit has brought in representatives of more than 130 countries, including over 40 ministers, besides policymakers, investors, financial institutions and industry leaders. Australia, Denmark, the European Union, France, Germany, the Netherlands, Norway, Sweden and the United Kingdom are taking part as Country Partners, opening room for bilateral cooperation across the clean energy value chain. Thirteen states and union territories are showcasing their renewable potential, project pipelines, manufacturing capability and policies.

Watts Next forum

The day also carried the first leg of Watts Next: Innovators' Ideas for India's Energy Security, Agenda 2047, an invitation-only forum curated with BloombergNEF. Instead of a usual panel, innovators and entrepreneurs presented ideas on technology, finance and policy for the energy system as the country nears its centenary of independence. The speakers included Sumant Sinha of ReNew, Shreya Mishra of SolarSquare, Girish R Tanti of the Suzlon Group, Prof. Ashok Jhunjhunwala of IIT Madras and Meredith Annex of BloombergNEF. The summit is being used as a platform to examine financing models and strengthen investment partnerships for generation capacity, storage, transmission networks and domestic manufacturing.