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Uttar Pradesh to Attract ₹35,000 Crore Investment for Solar Projects by 2028

Written by: Team Angel OneUpdated on: 22 Oct 2025, 4:04 pm IST
Uttar Pradesh targets 22,000 MW solar capacity by FY28 with ₹35,000 crore investments from NHPC, THDC, Avaada and others.
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Uttar Pradesh is set to witness a major renewable energy boost, with public and private sector solar projects worth around ₹35,000 crore expected to come up across the state. The projects aim to help UP achieve its ambitious solar power capacity target of 22,000 megawatts (MW) by 2027–28, including the development of seven solar energy parks with a combined capacity of 3,700 MW.

Major Projects and Developers

According to Narendra Bhooshan, Additional Chief Secretary, Energy and Alternative Energy Sources, “These solar power projects will be set up by leading renewable energy companies including NHPC, THDC, and Avaada Group.” 

Of the total capacity goal, 8,000 MW worth of projects have already been commissioned or are currently under development. The remaining 14,000 MW will be implemented through solar parks, rooftop systems, floating plants, and standalone power projects.

UP has recently emerged as the top-performing state under the PM Surya Ghar scheme, reflecting its rapid progress in renewable energy adoption. To expand infrastructure, the UP New and Renewable Energy Development Agency (UPNEDA) has signed joint ventures with Tusco Limited, Bundelkhand Solar Energy Limited, and Lucknow Solar Power Development Corporation Limited for solar park development.

Rooftop and Floating Solar Expansion

Under the UP Solar Energy Policy 2022, the state government is driving growth through multiple models. So far, the Solar Rooftop Scheme has achieved 900 MW capacity in the domestic sector, with further expansion planned for government buildings under Capex and RESCO models. 

The RESCO (Renewable Energy Service Company) model enables consumers to use solar energy on a ‘pay-as-you-save’ basis without upfront investment, transferring plant ownership after a fixed period.

Additionally, plans are underway to develop floating solar power plants across 37 major reservoirs in the state to optimise space utilisation and expand renewable capacity.

Complementary Bioenergy and Rural Initiatives

Under the Bioenergy Policy 2022, UP has set up compressed biogas (CBG) plants with a daily capacity of 250 tonnes, among the highest in India. Furthermore, as part of the central government’s Model Solar Village Programme, one village in every district will be transformed into a Model Solar Village, integrating renewable power generation with rural development.

Read More: India’s Pension Coverage Alarmingly Low, Mercer Report Flags Systemic Gaps!

Conclusion

With an integrated policy approach and large-scale public-private participation, Uttar Pradesh is positioning itself as a leading solar power hub, reinforcing India’s clean energy transition while driving local employment and sustainable growth.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.



 

Published on: Oct 22, 2025, 10:31 AM IST

Team Angel One

Team Angel One is a group of experienced financial writers that deliver insightful articles on the stock market, IPO, economy, personal finance, commodities and related categories.

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