Ratul Puri on Hindustan Power’s 435 MWp Lalitpur Solar Project Reaching Financial Closure
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 c...