Uttar Pradesh is steadily increasing its solar power capacity as the state looks to make better use of its considerable renewable energy potential. The opportunity is significant. According to Invest UP, the state has a solar potential of 23 GW, with 2,632 MW of solar capacity already installed. Its broader solar plans include utility-scale projects, rooftop systems and distributed generation.
The growth is visible across different segments of the market. In the second quarter of 2026, Uttar Pradesh ranked among the three leading states in India for rooftop solar additions, accounting for 18% of installations during the quarter. According to Mercom India, the state also recorded 23% year-on-year growth in rooftop solar capacity between Q2 2025 and Q2 2026.
Against this backdrop, Hindustan Power's 435 MWp/300 MW solar project in Lalitpur has reached an important financing milestone. Awarded to the company through competitive bidding in 2025, the project has now achieved financial closure, with the Indian Renewable Energy Development Agency (IREDA) sanctioning ₹1,135 crore in debt.
The project also has a long-term Power Purchase Agreement with Uttar Pradesh Power Corporation Limited (UPPCL), which provides an established arrangement for the sale of the electricity it will generate. With financing secured and construction already underway, the Lalitpur project is progressing according to its planned development schedule.
For Ratul Puri, Chairman of Hindustan Power, the Lalitpur project is not just another addition to the company's renewable energy portfolio. It also reflects the opportunities emerging in a state where solar power is becoming an increasingly important part of the electricity landscape.
"The 435 MWp solar project in Uttar Pradesh marks an important milestone in our renewable energy expansion," Ratul Puri said.
He added, "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."
The scale of the Lalitpur project is also significant. With a capacity of 435 MWp, it is among the larger solar installations being developed in Uttar Pradesh. Located in Lalitpur, the project is part of the wider solar development taking place across the Bundelkhand region. The state's solar policy has also provided for utility-scale projects and solar parks, supported by transmission infrastructure to facilitate the evacuation of power from the region.
This wider infrastructure is important because expanding solar capacity involves more than setting up power generation facilities. Financing, transmission, power purchase arrangements and project execution all need to progress together. The Lalitpur project brings these elements together through IREDA-backed financing, its PPA with UPPCL and construction that is already in progress.
For Hindustan Power, this development is part of its wider expansion across renewable and transitional energy. The company has been pursuing sizeable power infrastructure projects while continuing to build its presence across different segments of India's electricity sector.
Uttar Pradesh's policy direction also provides a clearer picture of the state's solar plans. Under its Solar Energy Policy 2022, the state has set a target of 22,000 MW of solar projects by 2026-27. This includes 14,000 MW from utility-scale projects and solar parks, along with rooftop and distributed generation.
In this context, the Lalitpur project marks an important stage in the state's solar development. It has moved beyond the project award stage, secured financing and entered the execution phase.
Ratul Puri, Chairman of Hindustan Power, said the project also reflects the company's longer-term approach to renewable energy infrastructure. As India's power system continues to evolve, he added that the company remains focused on developing "reliable, efficient and sustainable generation capacity" while contributing to long-term energy security.
The Lalitpur project can therefore be seen as part of the wider changes taking place in Uttar Pradesh's solar sector. The state is developing a solar market that includes utility-scale plants, rooftop systems, distributed generation and the supporting infrastructure required for them. Hindustan Power's project adds another sizeable asset to this expanding ecosystem, while its financial closure marks an important step towards turning an awarded project into operational renewable capacity.
About Ratul Puri
Ratul Puri, Chairman of Hindustan Power, an integrated power generation company with a strong presence in renewable and transitional energy generation. Over the years, Ratul Puri has been involved in the development of large-scale energy infrastructure projects that support India’s growing power requirements and its transition toward cleaner energy sources.
