Getting a shot in the arm for its green energy roadmap, the Uttar Pradesh (UP) government has received fresh investment proposals worth ₹35,000 crore from leading renewable energy companies.
Five projects spanning solar and renewable energy are proposed to be developed in Gautam Buddha Nagar district.
Avaada Electro Limited has committed to invest ₹16,139 crore, generating 7,400 jobs. SAEL Solar P6 Private Limited has proposed an investment of ₹8,000 crore, followed by Oriana Power Limited at ₹4,500, and CESC Green Power Limited and IB Solar at ₹3,805 crore and ₹3,000, respectively.
The total investment aggregates over ₹35,400 crore, with job opportunity potential of more than 20,000.
According to a senior official, UP is witnessing an investment surge owing to its customised incentive framework and support through policies such as the Industrial Investment and Employment Promotion (IIEP) Policy 2022, the FDI/FCI and Fortune 500 Investment Promotion Policy 2023, and the Semiconductor Policy 2024.
“By aligning incentives with project requirements and ensuring speedy approvals, UP has built an ecosystem where global and domestic manufacturers operate with confidence and efficiency,” he added.
Meanwhile, Tata Power Renewable Energy Limited (TPREL) is also expanding its solar-powered microgrid network in UP.
Manoj Kumar Gupta, CEO, TP Renewable Microgrid (TPRMG), said with an installed microgrid capacity of 4.5 megawatt, the firm generates 5.74 million units of clean electricity annually in the state.
“By integrating solar energy, energy-efficient technologies, bioenergy solutions and local entrepreneurship, the company aims to build resilient rural ecosystems and make clean energy an engine of growth,” he added.
TPRMG projects have helped save the consumption of 2.36 million litres of diesel, thus mitigating 6,400 tonnes of CO₂ emissions annually.
The UP cabinet is sanguine that the private investments reflect rising confidence in the state’s business-friendly ecosystem.
As these projects take shape, they are expected to catalyse ancillary industries, strengthen MSMEs, and accelerate the state’s journey towards a $1 trillion economy.
