Odisha Floating Solar Lease Scheme

The Long-term Lease for Floating Solar Power Plant scheme operates as an incentive under Odisha's Industrial Policy Resolution 2022. It supports sustainable industrial growth and boosts renewable energy generation in the state. Existing and new industrial units that intend to set up floating solar power plants on water reservoirs are eligible. The Government of Odisha offers long-term leases on water body surface areas at a subsidised premium, which lowers the financial burden on businesses and speeds up the adoption of clean energy technologies.

The scheme reflects the state's commitment to environmental sustainability and economic development through green industrial practices. It gives enterprises a way to use natural resources for power generation, which supports energy security and reduces carbon footprints. The scheme also encourages investment in the renewable energy sector, fosters innovation, and builds an ecosystem for green industries in Odisha.

Sectors with substantial energy requirements stand to gain in particular. They can meet their power needs sustainably while optimising land use.

Applications for the Long-term Lease for Floating Solar Power Plant incentive are generally handled by the Industries Department of the Government of Odisha, forming part of the wider incentives application mechanism set out under the Industrial Policy Resolution 2022.

- Industrial units interested in applying should begin by going through the full Industrial Policy Resolution 2022 Odisha document, so as to understand the eligibility conditions and procedural guidelines in detail. - A detailed project proposal for the floating solar power plant must be drawn up, covering technical specifications, financial projections and the proposed water reservoir area. - The application, together with all supporting documents that are required, is to be submitted to the designated authority within the Industries Department. - The relevant committees will review the application and take a decision on approval, verifying that it aligns with policy objectives and is technically feasible. - Once approval is granted, the long-term lease agreement is executed, and the stipulated premium of ₹1 lakh per acre becomes payable. - After approval, applicants who are successful may move ahead with developing and commissioning their floating solar power plant, drawing the benefit of the long-term lease arrangement.