Hindustan Power has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district, Uttar Pradesh, marking a significant solar financing milestone for the project. The Indian Renewable Energy Development Agency (IREDA) has sanctioned ₹1,135 crore in debt for the project.
The solar financing secured from IREDA is expected to support the project’s ongoing development as construction work progresses according to the planned schedule. The project is expected to add to Uttar Pradesh’s growing renewable energy capacity once operational.
The financial closure represents an important step in Hindustan Power’s renewable energy expansion and strengthens its focus on developing large-scale solar projects in the state. The project is also expected to contribute to Uttar Pradesh’s increasing demand for clean energy.
Hindustan Power was awarded the project through a competitive bidding process in 2025 and has entered into a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL). With a planned capacity of 435 MWp/300 MW, the Lalitpur project is among the larger solar developments underway in Uttar Pradesh and is expected to contribute to the state’s future power requirements.
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Commenting on the development, Mr. Ratul Puri, Chairman, Hindustan Power, said: “The 435 MWp solar projects in Uttar Pradesh marks an important milestone in our renewable energy expansion. Uttar Pradesh is experiencing growing energy demand alongside an increasing focus on renewable energy, and projects of this scale will play an important role in strengthening the state’s clean energy capacity. We are pleased to contribute to this journey through a project of this scale and remain focused on its timely execution.”
Mr. Ratul Puri further added: “The project reflects our long-term commitment to developing large-scale renewable energy infrastructure that can support India’s evolving energy needs. As the country accelerates its energy transition, our focus remains on building reliable, efficient and sustainable generation capacity while contributing to long-term energy security.”
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The project is also expected to support regional economic activity and generating employment opportunities for locals.
Notably, Hindustan Power has been expanding its presence across renewable and transitional energy generation, with a focus on developing large-scale energy infrastructure to support India’s growing power requirements and energy transition.
