Hindustan Power secures INR 1,135 crore financing for 435 MWp solar project in Uttar Pradesh

Type: Financing · Technology: Solar · Country: India · Announced: 2026-08-20

Hindustan Power has achieved financial closure for its 435 MWp/300 MW solar power project located in the Lalitpur district of Uttar Pradesh. The Indian Renewable Energy Development Agency (IREDA) has sanctioned a debt financing of INR 1,135 crore for the project. This large-scale solar development is crucial for meeting Uttar Pradesh's increasing energy demands through clean power generation. The project benefits from a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corp. Ltd (UPPCL), having been awarded to Hindustan Power through a competitive bidding process in 2025. Hindustan Power is expanding its renewable energy portfolio with this project, contributing to India's energy transition.

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