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Hindustan Power, one of India’s leading integrated power producers, has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district, Uttar Pradesh, with the Indian Renewable Energy Development Agency (IREDA) sanctioning debt of ₹1,135 crore.

With work now underway, the project is progressing as per the planned development schedule and is set to strengthen Uttar Pradesh’s growing renewable energy capacity.

The project marks a significant milestone in the company’s renewable energy expansion and strengthens its contribution towards the state’s growing clean energy capacity.

The project has a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) and was awarded to Hindustan Power through a competitive bidding process in 2025. The project is among the largest solar projects being developed in Uttar Pradesh and will contribute towards meeting the state’s growing energy requirements through clean power generation.

Commenting on the development, Mr. Ratul Puri, Chairman, Hindustan Power, said, “The 435 MWp solar projects in Uttar Pradesh marks an important milestone in our renewable energy expansion. 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. We are pleased to contribute to this journey through a project of this scale and remain focused on its timely execution.”

Mr. Ratul Puri further added, “The project reflects our long-term commitment to developing large-scale renewable energy infrastructure that can support India’s evolving energy needs. As the country accelerates its energy transition, our focus remains on building reliable, efficient and sustainable generation capacity while contributing to long-term energy security.”

The project is also expected to support regional economic activity and generating employment opportunities for locals.

Notably, Hindustan Power has been expanding its presence across renewable and transitional energy generation, with a focus on developing large-scale energy infrastructure to support India’s growing power requirements and energy transition.

Hindustan Power, one of India’s leading integrated power producers, has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district, Uttar Pradesh, with the Indian Renewable Energy Development Agency (IREDA) sanctioning debt of ₹1,135 crore.

With work now underway, the project is progressing as per the planned development schedule and is set to strengthen Uttar Pradesh’s growing renewable energy capacity.

The project marks a significant milestone in the company’s renewable energy expansion and strengthens its contribution towards the state’s growing clean energy capacity.

The project has a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) and was awarded to Hindustan Power through a competitive bidding process in 2025. The project is among the largest solar projects being developed in Uttar Pradesh and will contribute towards meeting the state’s growing energy requirements through clean power generation.

Commenting on the development, Mr. Ratul Puri, Chairman, Hindustan Power, said, “The 435 MWp solar projects in Uttar Pradesh marks an important milestone in our renewable energy expansion. 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. We are pleased to contribute to this journey through a project of this scale and remain focused on its timely execution.”

Mr. Ratul Puri further added, “The project reflects our long-term commitment to developing large-scale renewable energy infrastructure that can support India’s evolving energy needs. As the country accelerates its energy transition, our focus remains on building reliable, efficient and sustainable generation capacity while contributing to long-term energy security.”

The project is also expected to support regional economic activity and generating employment opportunities for locals.

Notably, Hindustan Power has been expanding its presence across renewable and transitional energy generation, with a focus on developing large-scale energy infrastructure to support India’s growing power requirements and energy transition.

Hindustan Power, one of India’s leading integrated power producers, has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district, Uttar Pradesh, with the Indian Renewable Energy Development Agency (IREDA) sanctioning debt of ₹1,135 crore.

With work now underway, the project is progressing as per the planned development schedule and is set to strengthen Uttar Pradesh’s growing renewable energy capacity.

The project marks a significant milestone in the company’s renewable energy expansion and strengthens its contribution towards the state’s growing clean energy capacity.

The project has a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) and was awarded to Hindustan Power through a competitive bidding process in 2025. The project is among the largest solar projects being developed in Uttar Pradesh and will contribute towards meeting the state’s growing energy requirements through clean power generation.

Commenting on the development, Mr. Ratul Puri, Chairman, Hindustan Power, said, “The 435 MWp solar projects in Uttar Pradesh marks an important milestone in our renewable energy expansion. 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. We are pleased to contribute to this journey through a project of this scale and remain focused on its timely execution.”

Mr. Ratul Puri further added, “The project reflects our long-term commitment to developing large-scale renewable energy infrastructure that can support India’s evolving energy needs. As the country accelerates its energy transition, our focus remains on building reliable, efficient and sustainable generation capacity while contributing to long-term energy security.”

The project is also expected to support regional economic activity and generating employment opportunities for locals.

Notably, Hindustan Power has been expanding its presence across renewable and transitional energy generation, with a focus on developing large-scale energy infrastructure to support India’s growing power requirements and energy transition.

Hindustan Power, one of India’s leading integrated power producers, has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district, Uttar Pradesh, with the Indian Renewable Energy Development Agency (IREDA) sanctioning debt of ₹1,135 crore.

With work now underway, the project is progressing as per the planned development schedule and is set to strengthen Uttar Pradesh’s growing renewable energy capacity.

The project marks a significant milestone in the company’s renewable energy expansion and strengthens its contribution towards the state’s growing clean energy capacity.

The project has a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) and was awarded to Hindustan Power through a competitive bidding process in 2025. The project is among the largest solar projects being developed in Uttar Pradesh and will contribute towards meeting the state’s growing energy requirements through clean power generation.

Commenting on the development, Mr. Ratul Puri, Chairman, Hindustan Power, said, “The 435 MWp solar projects in Uttar Pradesh marks an important milestone in our renewable energy expansion. 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. We are pleased to contribute to this journey through a project of this scale and remain focused on its timely execution.”

Mr. Ratul Puri further added, “The project reflects our long-term commitment to developing large-scale renewable energy infrastructure that can support India’s evolving energy needs. As the country accelerates its energy transition, our focus remains on building reliable, efficient and sustainable generation capacity while contributing to long-term energy security.”

The project is also expected to support regional economic activity and generating employment opportunities for locals.

Notably, Hindustan Power has been expanding its presence across renewable and transitional energy generation, with a focus on developing large-scale energy infrastructure to support India’s growing power requirements and energy transition.

Hindustan Power, one of India’s leading integrated power producers, has achieved financial closure for its 435 MWp/300 MW solar power project in Lalitpur district, Uttar Pradesh, with the Indian Renewable Energy Development Agency (IREDA) sanctioning debt of ₹1,135 crore.

With work now underway, the project is progressing as per the planned development schedule and is set to strengthen Uttar Pradesh’s growing renewable energy capacity.

The project marks a significant milestone in the company’s renewable energy expansion and strengthens its contribution towards the state’s growing clean energy capacity.

The project has a long-term Power Purchase Agreement (PPA) with Uttar Pradesh Power Corporation Limited (UPPCL) and was awarded to Hindustan Power through a competitive bidding process in 2025. The project is among the largest solar projects being developed in Uttar Pradesh and will contribute towards meeting the state’s growing energy requirements through clean power generation.

Commenting on the development, Mr. Ratul Puri, Chairman, Hindustan Power, said, “The 435 MWp solar projects in Uttar Pradesh marks an important milestone in our renewable energy expansion. 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. We are pleased to contribute to this journey through a project of this scale and remain focused on its timely execution.”

Mr. Ratul Puri further added, “The project reflects our long-term commitment to developing large-scale renewable energy infrastructure that can support India’s evolving energy needs. As the country accelerates its energy transition, our focus remains on building reliable, efficient and sustainable generation capacity while contributing to long-term energy security.”

The project is also expected to support regional economic activity and generating employment opportunities for locals.

Notably, Hindustan Power has been expanding its presence across renewable and transitional energy generation, with a focus on developing large-scale energy infrastructure to support India’s growing power requirements and energy transition.

Ampin Energy Transition announces the successful financial close of a USD 195 Mn long-term project finance facility for our 100 MW PPA capacity hybrid renewable energy project in Andhra Pradesh, integrating solar, wind, and Battery Energy Storage Systems (BESS) to deliver reliable, dispatchable clean power during peak demand.

Transaction Highlights:
• USD 195 Mn long-term project finance facility
• 100 MW PPA capacity hybrid renewable energy project
• Integrated Solar + Wind + BESS configuration
• Aligned with the Green Loan Principles and structured in accordance with the Equator Principles

As grid dynamics continue to evolve and demand patterns become increasingly time-sensitive, storage-backed hybrid renewable energy solutions are playing a pivotal role in addressing intermittency, enhancing grid reliability, and enabling long-term energy security. The transaction reflects the growing maturity of sustainable infrastructure financing, with the project aligned to the Green Loan Principles and structured in accordance with the Equator Principles, reinforcing our commitment to responsible capital deployment and strong environmental and social governance standards.

The transaction was executed with Sumitomo Mitsui Banking Corporation (SMBC) and Rabobank acting as Mandated Lead Arrangers, Green Loan Coordinators, and Joint Structuring Banks, with support from HSF Kramer, JSA Advocates, and Aurora Energy Research and Tractebel, ensuring alignment with internationally recognized sustainable finance frameworks.

The transaction comes at a time when India’s electricity demand is becoming increasingly time-sensitive and grid dynamics continue to evolve. Storage-backed hybrid renewable energy projects can help address the intermittency associated with renewable generation while enhancing grid reliability and supporting long-term energy security.

For the transaction, SMBC and Rabobank acted as Mandated Lead Arrangers, Green Loan Coordinators and Joint Structuring Banks. The financing was supported by HSF Kramer, JSA Advocates, Aurora Energy Research and Tractebel, with the parties helping ensure alignment with internationally recognised sustainable finance frameworks.

The transaction also reflects the increasing sophistication of India’s renewable energy financing ecosystem, where technological innovation, engineering complexity and structured financing are increasingly converging to support the country’s clean energy transition.

Pinaki Bhattacharyya, Founder, Managing Director & CEO, AMPIN Energy Transition, said “This transaction marks an important milestone for AMPIN Energy Transition and reflects the strength of collaboration among all stakeholders. We are grateful to SMBC & Rabobank for its partnership and sector expertise in delivering this financing, which will support the deployment of innovative renewable energy infrastructure and advance India’s clean energy ambitions.”

Jeanne Soh, Managing Director, Head of Structured Finance Asia Pacific, SMBC, said “As energy systems become increasingly dynamic, hybrid renewable energy projects with integrated battery storage will play a critical role in enhancing grid reliability and delivering dispatchable clean power at scale. This transaction reflects the continued evolution of sustainable infrastructure financing and the strong collaboration among sponsors, lenders and advisers to bring complex energy transition projects to fruition. SMBC is proud to support this landmark project and remains committed to providing innovative financing solutions that advance energy security, economic development and decarbonisation across the region.”

Amardeep Parmar, Managing Director & Head of Project Finance Asia, Rabobank, said “We are pleased to support AMPIN Energy Transition in achieving the successful financial close of this landmark renewable energy project. This transaction highlights the growing maturity of India’s renewable energy sector and the increasing importance of integrated solar, wind and battery storage solutions in delivering reliable clean power. At Rabobank, we remain committed to supporting clients and projects that contribute to the transition towards a more sustainable and resilient energy system.”

As India advances its clean energy ambitions, transactions such as this demonstrate how innovative financing structures, disciplined risk allocation, and strong institutional partnerships are enabling the next generation of renewable energy investments while strengthening the resilience and reliability of the country’s power infrastructure. India’s renewable energy sector is entering a new phase where technological innovation, engineering complexity, and financing sophistication are converging to accelerate the country’s clean energy transition.  

Ampin Energy Transition announces the successful financial close of a USD 195 Mn long-term project finance facility for our 100 MW PPA capacity hybrid renewable energy project in Andhra Pradesh, integrating solar, wind, and Battery Energy Storage Systems (BESS) to deliver reliable, dispatchable clean power during peak demand.

Transaction Highlights:
• USD 195 Mn long-term project finance facility
• 100 MW PPA capacity hybrid renewable energy project
• Integrated Solar + Wind + BESS configuration
• Aligned with the Green Loan Principles and structured in accordance with the Equator Principles

As grid dynamics continue to evolve and demand patterns become increasingly time-sensitive, storage-backed hybrid renewable energy solutions are playing a pivotal role in addressing intermittency, enhancing grid reliability, and enabling long-term energy security. The transaction reflects the growing maturity of sustainable infrastructure financing, with the project aligned to the Green Loan Principles and structured in accordance with the Equator Principles, reinforcing our commitment to responsible capital deployment and strong environmental and social governance standards.

The transaction was executed with Sumitomo Mitsui Banking Corporation (SMBC) and Rabobank acting as Mandated Lead Arrangers, Green Loan Coordinators, and Joint Structuring Banks, with support from HSF Kramer, JSA Advocates, and Aurora Energy Research and Tractebel, ensuring alignment with internationally recognized sustainable finance frameworks.

The transaction comes at a time when India’s electricity demand is becoming increasingly time-sensitive and grid dynamics continue to evolve. Storage-backed hybrid renewable energy projects can help address the intermittency associated with renewable generation while enhancing grid reliability and supporting long-term energy security.

For the transaction, SMBC and Rabobank acted as Mandated Lead Arrangers, Green Loan Coordinators and Joint Structuring Banks. The financing was supported by HSF Kramer, JSA Advocates, Aurora Energy Research and Tractebel, with the parties helping ensure alignment with internationally recognised sustainable finance frameworks.

The transaction also reflects the increasing sophistication of India’s renewable energy financing ecosystem, where technological innovation, engineering complexity and structured financing are increasingly converging to support the country’s clean energy transition.

Pinaki Bhattacharyya, Founder, Managing Director & CEO, AMPIN Energy Transition, said “This transaction marks an important milestone for AMPIN Energy Transition and reflects the strength of collaboration among all stakeholders. We are grateful to SMBC & Rabobank for its partnership and sector expertise in delivering this financing, which will support the deployment of innovative renewable energy infrastructure and advance India’s clean energy ambitions.”

Jeanne Soh, Managing Director, Head of Structured Finance Asia Pacific, SMBC, said “As energy systems become increasingly dynamic, hybrid renewable energy projects with integrated battery storage will play a critical role in enhancing grid reliability and delivering dispatchable clean power at scale. This transaction reflects the continued evolution of sustainable infrastructure financing and the strong collaboration among sponsors, lenders and advisers to bring complex energy transition projects to fruition. SMBC is proud to support this landmark project and remains committed to providing innovative financing solutions that advance energy security, economic development and decarbonisation across the region.”

Amardeep Parmar, Managing Director & Head of Project Finance Asia, Rabobank, said “We are pleased to support AMPIN Energy Transition in achieving the successful financial close of this landmark renewable energy project. This transaction highlights the growing maturity of India’s renewable energy sector and the increasing importance of integrated solar, wind and battery storage solutions in delivering reliable clean power. At Rabobank, we remain committed to supporting clients and projects that contribute to the transition towards a more sustainable and resilient energy system.”

As India advances its clean energy ambitions, transactions such as this demonstrate how innovative financing structures, disciplined risk allocation, and strong institutional partnerships are enabling the next generation of renewable energy investments while strengthening the resilience and reliability of the country’s power infrastructure. India’s renewable energy sector is entering a new phase where technological innovation, engineering complexity, and financing sophistication are converging to accelerate the country’s clean energy transition.  

Ampin Energy Transition announces the successful financial close of a USD 195 Mn long-term project finance facility for our 100 MW PPA capacity hybrid renewable energy project in Andhra Pradesh, integrating solar, wind, and Battery Energy Storage Systems (BESS) to deliver reliable, dispatchable clean power during peak demand.

Transaction Highlights:
• USD 195 Mn long-term project finance facility
• 100 MW PPA capacity hybrid renewable energy project
• Integrated Solar + Wind + BESS configuration
• Aligned with the Green Loan Principles and structured in accordance with the Equator Principles

As grid dynamics continue to evolve and demand patterns become increasingly time-sensitive, storage-backed hybrid renewable energy solutions are playing a pivotal role in addressing intermittency, enhancing grid reliability, and enabling long-term energy security. The transaction reflects the growing maturity of sustainable infrastructure financing, with the project aligned to the Green Loan Principles and structured in accordance with the Equator Principles, reinforcing our commitment to responsible capital deployment and strong environmental and social governance standards.

The transaction was executed with Sumitomo Mitsui Banking Corporation (SMBC) and Rabobank acting as Mandated Lead Arrangers, Green Loan Coordinators, and Joint Structuring Banks, with support from HSF Kramer, JSA Advocates, and Aurora Energy Research and Tractebel, ensuring alignment with internationally recognized sustainable finance frameworks.

The transaction comes at a time when India’s electricity demand is becoming increasingly time-sensitive and grid dynamics continue to evolve. Storage-backed hybrid renewable energy projects can help address the intermittency associated with renewable generation while enhancing grid reliability and supporting long-term energy security.

For the transaction, SMBC and Rabobank acted as Mandated Lead Arrangers, Green Loan Coordinators and Joint Structuring Banks. The financing was supported by HSF Kramer, JSA Advocates, Aurora Energy Research and Tractebel, with the parties helping ensure alignment with internationally recognised sustainable finance frameworks.

The transaction also reflects the increasing sophistication of India’s renewable energy financing ecosystem, where technological innovation, engineering complexity and structured financing are increasingly converging to support the country’s clean energy transition.

Pinaki Bhattacharyya, Founder, Managing Director & CEO, AMPIN Energy Transition, said “This transaction marks an important milestone for AMPIN Energy Transition and reflects the strength of collaboration among all stakeholders. We are grateful to SMBC & Rabobank for its partnership and sector expertise in delivering this financing, which will support the deployment of innovative renewable energy infrastructure and advance India’s clean energy ambitions.”

Jeanne Soh, Managing Director, Head of Structured Finance Asia Pacific, SMBC, said “As energy systems become increasingly dynamic, hybrid renewable energy projects with integrated battery storage will play a critical role in enhancing grid reliability and delivering dispatchable clean power at scale. This transaction reflects the continued evolution of sustainable infrastructure financing and the strong collaboration among sponsors, lenders and advisers to bring complex energy transition projects to fruition. SMBC is proud to support this landmark project and remains committed to providing innovative financing solutions that advance energy security, economic development and decarbonisation across the region.”

Amardeep Parmar, Managing Director & Head of Project Finance Asia, Rabobank, said “We are pleased to support AMPIN Energy Transition in achieving the successful financial close of this landmark renewable energy project. This transaction highlights the growing maturity of India’s renewable energy sector and the increasing importance of integrated solar, wind and battery storage solutions in delivering reliable clean power. At Rabobank, we remain committed to supporting clients and projects that contribute to the transition towards a more sustainable and resilient energy system.”

As India advances its clean energy ambitions, transactions such as this demonstrate how innovative financing structures, disciplined risk allocation, and strong institutional partnerships are enabling the next generation of renewable energy investments while strengthening the resilience and reliability of the country’s power infrastructure. India’s renewable energy sector is entering a new phase where technological innovation, engineering complexity, and financing sophistication are converging to accelerate the country’s clean energy transition.