September 2026 | Odyssey is excited to announce a new EUR 7M long-term debt facility for India with BIO, a Belgian development finance institution. The facility will support the construction of more than 206MW of solar installations, resulting in green and affordable electricity for 400+ companies across India.
India's solar market is growing at unprecedented speed. Our CEO, Emily McAteer, outlined how the government is pushing both demand and supply side policies to accelerate achievement of the 500GW of renewable energy by 2030 goal.
It is working. By July, India had installed 160 GW of solar in 2026 alone. By the end of the year, it's on track to hit 180 GW and pass the US to become the world's second-largest solar market, right behind China.
On June 1 2026, India's Approved List of Models and Manufacturers (ALMM) List II rule was slated to take effect, requiring domestically manufactured solar cells for most projects. The rule was delayed until the end of the year 2026, so any project that hasn't locked in equipment before the window closes will be procuring from a smaller, more expensive, more constrained domestic supply chain.
We see developers across India seizing the moment: a C&I power producer in Karnataka moving on three projects totaling over 90MW, and a conglomerate in Odisha with interests spanning airports, energy, and urban infrastructure, building 58MW. A co-working space operator putting up a 50MW open-access project. A castings and forging manufacturer adding 3MW of captive capacity. Odyssey’s procurement platform meets this moment, aggregating equipment orders across our network of OEMs so that mid-sized EPCs can move at the speed the market now demands.
We’re pleased to be partnering with BIO to continue to support the acceleration of distributed energy across India.
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