Hindustan Power secures ₹1,135 crore for Uttar Pradesh solar project

Hindustan Power has achieved financial closure for its solar power project in the Lalitpur district of Uttar Pradesh. The company secured ₹1,135 crore (approximately $113.5 million) in debt financing from the Indian Renewable Energy Development Agency (IREDA).

The project, which has a capacity of 435 MWp/300 MW, is progressing according to its development schedule. It operates under a long-term power purchase agreement with the Uttar Pradesh Power Corporation Ltd (UPPCL) following a competitive bidding process in 2025. The initiative aims to strengthen the state’s renewable energy capacity and meet rising energy demands through clean power generation.