With only 43% of its households with access to electricity, Odisha’s economic development lags behind that of other states in India. However, it is home to rich water reserves, wildlife, forest, minerals, and renewable energy sources, which together can help boost the state’s economy.
Let’s take the example of solar energy.
In recent years, Odisha and its international partners have set out to boost the development of renewable energy in the state and now aim to identify and scale up potential solar power sites.
Yet, challenges remain.
Despite 300 clear sunny days every year representing a huge solar potential (Odisha receives an average solar radiation of 5.5 kWh/ Sq. m area), only 1.29 percent of Odisha’s total energy capacity stems from renewable sources.
Considering that Odisha is planning to increase its solar capacity from 31.5 Megawatts (MW) to 2,300 MW in the next five years, the state must step up its efforts and enact relevant policies to meet its solar energy goals. This, in turn, could benefit local businesses and spur economic growth.